Jennison Associates LLC Has $861.13 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Jennison Associates LLC grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,784,366 shares of the company’s stock after purchasing an additional 385,096 shares during the period. Jennison Associates LLC’s holdings in Hilton Worldwide were worth $861,132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares during the last quarter. Capital International Investors boosted its position in shares of Hilton Worldwide by 2.0% in the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock worth $1,786,151,000 after purchasing an additional 142,620 shares in the last quarter. Geode Capital Management LLC lifted its position in Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after acquiring an additional 67,292 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Hilton Worldwide by 8.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after buying an additional 364,307 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock valued at $1,090,346,000 after buying an additional 320,550 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $272.17 on Friday. The firm has a market capitalization of $64.70 billion, a P/E ratio of 43.12, a P/E/G ratio of 3.08 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.46. The company’s fifty day moving average price is $257.16 and its 200 day moving average price is $245.76.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. Hilton Worldwide’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were issued a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLT shares. Evercore ISI cut their price target on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Macquarie decreased their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird lifted their price target on shares of Hilton Worldwide from $246.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $250.94.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.