Handelsbanken Fonder AB increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 52.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,290 shares of the company’s stock after acquiring an additional 34,557 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hilton Worldwide were worth $33,142,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Hilton Worldwide during the fourth quarter worth $803,047,000. Two Sigma Investments LP increased its position in shares of Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after buying an additional 758,930 shares in the last quarter. Raymond James Financial Inc. raised its stake in Hilton Worldwide by 126.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after buying an additional 635,220 shares during the period. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 475,896 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Hilton Worldwide by 522.1% in the first quarter. Assenagon Asset Management S.A. now owns 530,727 shares of the company’s stock valued at $161,383,000 after acquiring an additional 445,414 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $314.63 on Wednesday. The stock has a 50-day simple moving average of $332.19 and a 200 day simple moving average of $320.07. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a market cap of $70.81 billion, a PE ratio of 46.20, a PEG ratio of 2.65 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Analyst Ratings Changes
HLT has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Rothschild & Co Redburn boosted their price objective on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Bank of America lifted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Finally, 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 report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $352.68.
Get 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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