Sequoia Financial Advisors LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,019 shares of the company’s stock after buying an additional 1,606 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hilton Worldwide were worth $3,351,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HLT. Norges Bank acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth about $803,047,000. Two Sigma Investments LP raised its holdings in Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after purchasing an additional 758,930 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Hilton Worldwide by 126.3% during the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after purchasing an additional 635,220 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after buying an additional 475,896 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Hilton Worldwide by 522.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 530,727 shares of the company’s stock valued at $161,383,000 after buying an additional 445,414 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Down 3.8%
HLT opened at $322.73 on Tuesday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The business has a 50 day moving average price of $332.38 and a two-hundred day moving average price of $316.14. The company has a market cap of $73.47 billion, a PE ratio of 49.27, a P/E/G ratio of 2.93 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was 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 is presently 9.16%.
Analyst Ratings Changes
HLT has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial lifted their target price on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Evercore raised their price target on Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Finally, Wells Fargo & Company lifted their price target on Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $349.45.
Read Our Latest Report on Hilton Worldwide
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.
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