Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,162 shares of the company’s stock after acquiring an additional 2,418 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hilton Worldwide were worth $9,641,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in HLT. Vanguard Group Inc. lifted its stake in shares of Hilton Worldwide by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock valued at $6,741,388,000 after purchasing an additional 196,126 shares during the period. State Street Corp increased its holdings in Hilton Worldwide by 0.9% in the second quarter. State Street Corp now owns 9,595,709 shares of the company’s stock worth $2,555,721,000 after purchasing an additional 86,689 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hilton Worldwide by 2.8% in the second quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after buying an additional 172,121 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Hilton Worldwide by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock worth $1,449,599,000 after buying an additional 208,708 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 22.4% in the 2nd quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after acquiring an additional 847,353 shares in the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Up 0.7%
Shares of Hilton Worldwide stock opened at $300.30 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $303.40. The business has a 50 day moving average price of $280.51 and a 200-day moving average price of $272.37. The company has a market cap of $69.80 billion, a PE ratio of 43.46, a price-to-earnings-growth ratio of 2.56 and a beta of 1.15.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 21st were paid a $0.15 dividend. The ex-dividend date was Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.68%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Barclays increased their target price on shares of Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Susquehanna raised their target price on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Truist Financial boosted their target price on Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. Finally, Sanford C. Bernstein raised their price objective on Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $286.50.
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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