Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,040 shares of the company’s stock after selling 2,760 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hilton Worldwide were worth $9,778,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. NewEdge Advisors LLC grew its position in shares of Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after acquiring an additional 465 shares during the period. Empowered Funds LLC grew its position in shares of Hilton Worldwide by 37.4% during the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after acquiring an additional 1,669 shares during the period. Woodline Partners LP grew its position in shares of Hilton Worldwide by 38.8% during the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after acquiring an additional 5,687 shares during the period. Intech Investment Management LLC boosted its holdings in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after buying an additional 2,899 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after buying an additional 215 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
NYSE HLT opened at $343.74 on Monday. Hilton Worldwide Holdings Inc. has a 1 year low of $241.45 and a 1 year high of $346.85. The stock has a market capitalization of $78.25 billion, a PE ratio of 52.48, a P/E/G ratio of 2.99 and a beta of 1.05. The company’s 50 day simple moving average is $322.05 and its two-hundred day simple moving average is $305.09.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hilton Worldwide from $299.00 to $332.00 and gave the stock a “hold” rating in a report on Thursday, February 12th. Bank of America raised their price objective on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. Truist Financial raised their price objective on shares of Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a report on Tuesday, April 14th. Finally, UBS Group raised their price objective on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
Read Our Latest Report on Hilton Worldwide
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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