Westpac Banking Corp increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,335 shares of the company’s stock after purchasing an additional 2,276 shares during the quarter. Westpac Banking Corp’s holdings in Hilton Worldwide were worth $6,990,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of HLT. Caitlin John LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter valued at approximately $32,000. ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $33,000. Ameritas Advisory Services LLC increased its position in shares of Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $43,000. Finally, Elyxium Wealth LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.1%
Shares of HLT stock opened at $332.82 on Wednesday. Hilton Worldwide Holdings Inc. has a twelve month low of $241.45 and a twelve month high of $344.75. The stock has a market capitalization of $75.77 billion, a price-to-earnings ratio of 50.81, a P/E/G ratio of 2.90 and a beta of 1.04. The stock has a fifty day simple moving average of $319.01 and a two-hundred day simple moving average of $303.20.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is 9.16%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on HLT shares. Deutsche Bank Aktiengesellschaft boosted their target price on Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. Truist Financial boosted their price objective on Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. HSBC boosted their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Evercore boosted their price objective on Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $348.55.
View Our Latest Stock Analysis on HLT
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.
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