Norges Bank acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,795,637 shares of the company’s stock, valued at approximately $803,047,000.
Several other institutional investors have also recently modified their holdings of HLT. JPMorgan Chase & Co. raised its stake in shares of Hilton Worldwide by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after purchasing an additional 1,132,880 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Hilton Worldwide by 1,222.9% in 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 during the last quarter. Raymond James Financial Inc. raised its stake in shares of Hilton Worldwide by 126.3% in 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 during the last quarter. Franklin Resources Inc. raised its stake in shares of Hilton Worldwide by 10.4% in the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after purchasing an additional 567,651 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Hilton Worldwide in the fourth quarter worth about $110,693,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Down 2.8%
Hilton Worldwide stock opened at $328.06 on Friday. The firm has a market cap of $74.68 billion, a price-to-earnings ratio of 50.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 52 week low of $241.45 and a 52 week high of $344.75. The business’s 50-day moving average price is $318.31 and its 200 day moving average price is $302.59.
Hilton Worldwide Announces Dividend
The firm 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HLT shares. Morgan Stanley raised their price objective on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Susquehanna raised their price objective on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets raised their target price on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial raised their target price on Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
Read Our Latest Research Report 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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