Erste Asset Management GmbH grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,517 shares of the company’s stock after acquiring an additional 1,917 shares during the quarter. Erste Asset Management GmbH’s holdings in Hilton Worldwide were worth $6,291,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $33,000. Caitlin John LLC bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $32,000. Ameritas Advisory Services LLC boosted its position in shares of Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. BOCHK Asset Management Ltd bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $43,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $342.63 on Wednesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $241.45 and a fifty-two week high of $347.27. The stock has a 50 day moving average price of $323.79 and a two-hundred day moving average price of $306.13. The company has a market capitalization of $78.00 billion, a P/E ratio of 52.31, a PEG ratio of 2.97 and a beta of 1.04.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is 9.16%.
Analyst Upgrades and Downgrades
HLT has been the subject of a number of research analyst reports. TD Cowen lifted their price target on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Mizuho boosted their target price on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. UBS Group boosted their target price on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial boosted their target price on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
Read Our Latest Research 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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