Canoe Financial LP decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 10.7% during the third quarter, Holdings Channel reports. The firm owned 50,987 shares of the company’s stock after selling 6,086 shares during the quarter. Canoe Financial LP’s holdings in Hilton Worldwide were worth $13,228,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of HLT. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Hilton Worldwide during the 1st quarter worth approximately $2,262,000. Carolina Wealth Advisors LLC increased its position in shares of Hilton Worldwide by 31.7% during the second quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock worth $1,323,000 after acquiring an additional 1,196 shares during the period. DRW Securities LLC acquired a new stake in shares of Hilton Worldwide in the first quarter valued at $228,000. AQR Capital Management LLC boosted its holdings in Hilton Worldwide by 33.1% in the second quarter. AQR Capital Management LLC now owns 1,081,602 shares of the company’s stock valued at $287,111,000 after purchasing an additional 268,987 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Hilton Worldwide by 52.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 272,686 shares of the company’s stock worth $73,342,000 after purchasing an additional 93,359 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
NYSE HLT opened at $293.30 on Friday. The firm’s fifty day moving average price is $274.25 and its 200 day moving average price is $268.99. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $294.92. The company has a market capitalization of $68.17 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 3.02 and a beta of 1.15.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is 8.68%.
Analyst Upgrades and Downgrades
HLT has been the subject of several recent research reports. Barclays lifted their price objective on Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company began coverage on shares of Hilton Worldwide in a report on Tuesday, November 18th. They set an “overweight” rating and a $332.00 price target for the company. Cowen restated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Finally, Truist Financial boosted their target price on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Two investment 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 data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.31.
Get Our Latest Stock Analysis on HLT
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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