South Street Advisors LLC lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,113 shares of the company’s stock after selling 6,037 shares during the quarter. Hilton Worldwide comprises about 2.9% of South Street Advisors LLC’s holdings, making the stock its 12th biggest holding. South Street Advisors LLC’s holdings in Hilton Worldwide were worth $21,002,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitlin John LLC purchased a new position in shares of Hilton Worldwide in the third quarter valued at approximately $32,000. ST Germain D J Co. Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $33,000. Ameritas Advisory Services LLC boosted its stake in shares of Hilton Worldwide by 110.6% in the third 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 period. BOCHK Asset Management Ltd purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $43,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
Shares of NYSE:HLT opened at $337.16 on Friday. The firm’s 50 day moving average price is $317.64 and its 200 day moving average price is $302.41. The stock has a market cap of $76.75 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a fifty-two week low of $241.45 and a fifty-two week high of $344.75.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Upgrades and Downgrades
HLT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Truist Financial raised their target price on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a report on Thursday, February 12th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $348.55.
Read Our Latest Stock Analysis on Hilton Worldwide
About Hilton Worldwide
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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