T. Rowe Price Investment Management Inc. lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,539,510 shares of the company’s stock after purchasing an additional 4,266 shares during the quarter. Hilton Worldwide comprises about 0.8% of T. Rowe Price Investment Management Inc.’s investment portfolio, making the stock its 27th largest position. T. Rowe Price Investment Management Inc.’s holdings in Hilton Worldwide were worth $1,303,975,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares in the last quarter. Franklin Resources Inc. increased its stake in Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after purchasing an additional 284,352 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hilton Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after purchasing an additional 475,896 shares during the last quarter. Morgan Stanley boosted its position in Hilton Worldwide by 2.0% during the fourth quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock worth $811,089,000 after purchasing an additional 55,228 shares in the last quarter. Finally, Norges Bank acquired a new stake in Hilton Worldwide in the fourth quarter valued at $803,047,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.1%
Shares of NYSE:HLT opened at $349.10 on Friday. The company has a market capitalization of $79.47 billion, a P/E ratio of 53.30, a P/E/G ratio of 3.05 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a 52-week low of $243.53 and a 52-week high of $358.00. The stock’s fifty day simple moving average is $329.71 and its 200-day simple moving average is $309.43.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is 9.16%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Raymond James Financial lifted their price target on Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Rothschild & Co Redburn increased their price objective on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure raised their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein cut their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Finally, Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $349.45.
Hilton Worldwide 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.
Further Reading
- Five stocks we like better than Hilton Worldwide
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
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.
