Kovitz Investment Group Partners LLC reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 71,265 shares of the company’s stock after selling 4,950 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Hilton Worldwide were worth $20,471,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of HLT. Norges Bank acquired a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $803,047,000. Two Sigma Investments LP raised its holdings in shares of Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after acquiring an additional 758,930 shares during the period. Raymond James Financial Inc. lifted its position in Hilton Worldwide by 126.3% in the 2nd 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. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after purchasing an additional 567,651 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Hilton Worldwide by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after purchasing an additional 475,896 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $349.10 on Friday. The company has a market cap of $79.47 billion, a price-to-earnings ratio of 53.30, a P/E/G ratio of 3.05 and a beta of 1.04. The firm has a 50-day moving average of $329.71 and a 200-day moving average of $309.43. Hilton Worldwide Holdings Inc. has a one year low of $243.53 and a one year high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given 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%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on HLT shares. Wells Fargo & Company lifted their price target on Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Morgan Stanley upped their price objective on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial lifted their target price on Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Raymond James Financial boosted their target price on Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group upped their price target on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.45.
Check Out 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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