Bamco Inc. NY reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 14.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,473 shares of the company’s stock after selling 45,964 shares during the period. Bamco Inc. NY’s holdings in Hilton Worldwide were worth $70,173,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Norges Bank purchased a new stake in Hilton Worldwide during the 2nd quarter worth about $676,201,000. Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 22.4% in the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock worth $1,233,612,000 after buying an additional 847,353 shares in the last quarter. Winslow Capital Management LLC boosted its position in shares of Hilton Worldwide by 62.6% in the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock valued at $504,532,000 after acquiring an additional 729,295 shares during the period. Raymond James Financial Inc. grew its stake 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 valued at $303,173,000 after acquiring an additional 635,220 shares in the last quarter. Finally, Strs Ohio bought a new stake in Hilton Worldwide during the 1st quarter worth approximately $97,505,000. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Up 0.7%
Shares of Hilton Worldwide stock opened at $280.13 on Friday. The firm has a market capitalization of $65.11 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $287.39. The business’s 50-day moving average price is $268.98 and its 200-day moving average price is $266.47.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.68%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Sanford C. Bernstein reduced their price target on shares of Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating for the company in a research report on Wednesday, November 19th. Morgan Stanley boosted their target price on Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird lowered their price target on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Jefferies Financial Group boosted their price objective on Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Truist Financial raised their target price on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $283.31.
Check Out Our Latest Stock Report on HLT
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- What Are Dividend Contenders? Investing in Dividend Contenders
- Synopsys Sees Bullish Shift as Ansys Integration Drives Growth
- What is diluted earnings per share (Diluted EPS)?
- The Best Holiday Present You Can Give Yourself? Costco Stock
- How to trade using analyst ratings
- Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
