Harvest Portfolios Group Inc. lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,619 shares of the company’s stock after selling 2,552 shares during the period. Harvest Portfolios Group Inc.’s holdings in Hilton Worldwide were worth $7,072,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Hilton Worldwide by 0.6% in the third quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after acquiring an additional 151,984 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Franklin Resources Inc. grew its holdings in shares of Hilton Worldwide by 10.4% in the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares during the period. Jennison Associates LLC grew its holdings in shares of Hilton Worldwide by 2.6% in the third quarter. Jennison Associates LLC now owns 4,750,891 shares of the company’s stock worth $1,232,571,000 after acquiring an additional 119,172 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Hilton Worldwide by 1.0% in the third quarter. Northern Trust Corp now owns 2,385,868 shares of the company’s stock worth $618,990,000 after acquiring an additional 23,077 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $315.36 on Wednesday. The stock has a 50-day simple moving average of $313.54 and a two-hundred day simple moving average of $299.24. Hilton Worldwide Holdings Inc. has a 52-week low of $241.45 and a 52-week high of $344.75. The firm has a market capitalization of $71.79 billion, a PE ratio of 48.15, a P/E/G ratio of 2.77 and a beta of 1.06.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. BMO Capital Markets lifted their price objective on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Morgan Stanley lifted their price objective on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Sanford C. Bernstein cut their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Finally, TD Cowen boosted their price target on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
Read Our Latest Stock Analysis on Hilton Worldwide
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
