Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 497,777 shares of the company’s stock after selling 30,350 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Hilton Worldwide were worth $151,364,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC raised its stake in Hilton Worldwide by 4.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after buying an additional 32 shares during the last quarter. Waddell & Associates LLC lifted its stake in Hilton Worldwide by 1.8% during the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after acquiring an additional 32 shares during the period. Eaton Financial Holdings Company LLC boosted its holdings in Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after purchasing an additional 34 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Hilton Worldwide by 2.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after buying an additional 36 shares during the last quarter. Finally, Quent Capital LLC increased its position in Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after acquiring an additional 37 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
NYSE HLT opened at $337.57 on Friday. The business has a 50 day simple moving average of $332.00 and a two-hundred day simple moving average of $315.61. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The stock has a market capitalization of $76.85 billion, a PE ratio of 51.54, a P/E/G ratio of 2.91 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth
HLT has been the topic of several research reports. Macquarie Infrastructure raised their target price on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Truist Financial upped their price target on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Evercore increased their price objective on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Argus lifted their target price on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Finally, Bank of America upped their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $349.45.
Check Out Our Latest Stock Report 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.
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