Global X Japan Co. Ltd. grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5,466.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,004 shares of the company’s stock after acquiring an additional 1,968 shares during the period. Global X Japan Co. Ltd.’s holdings in Hilton Worldwide were worth $520,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Jump Financial LLC grew its position in Hilton Worldwide by 59.1% during the first quarter. Jump Financial LLC now owns 4,766 shares of the company’s stock worth $1,085,000 after buying an additional 1,770 shares during the period. Eisler Capital Management Ltd. grew its holdings in shares of Hilton Worldwide by 2,679.0% in the 1st quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock worth $20,480,000 after acquiring an additional 86,799 shares during the period. Oarsman Capital Inc. increased its stake in Hilton Worldwide by 6.8% in the 1st quarter. Oarsman Capital Inc. now owns 1,575 shares of the company’s stock valued at $358,000 after purchasing an additional 100 shares in the last quarter. State of Wyoming raised its holdings in Hilton Worldwide by 5.5% during the first quarter. State of Wyoming now owns 1,509 shares of the company’s stock worth $343,000 after purchasing an additional 79 shares during the last quarter. Finally, WPG Advisers LLC purchased a new stake in Hilton Worldwide during the first quarter worth $71,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.7%
Shares of Hilton Worldwide stock opened at $293.30 on Thursday. The firm has a market cap of $68.17 billion, a PE ratio of 42.45, a P/E/G ratio of 3.00 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $294.92. The business’s fifty day moving average is $273.53 and its two-hundred day moving average is $268.82.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.68%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on HLT shares. Jefferies Financial Group raised their price target on Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a research report on Friday, October 17th. 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 report on Thursday, October 23rd. The Goldman Sachs Group raised shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the company from $285.00 to $317.00 in a report on Monday, December 15th. Morgan Stanley increased their price target on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $285.31.
Get Our Latest 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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