Baird Financial Group Inc. boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 12,935.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,378 shares of the company’s stock after purchasing an additional 166,094 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of Hilton Worldwide worth $44,579,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Hilton Worldwide by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock worth $6,741,388,000 after buying an additional 196,126 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hilton Worldwide by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after acquiring an additional 172,121 shares during the period. Franklin Resources Inc. lifted its position in Hilton Worldwide by 4.0% during the second quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock worth $1,449,599,000 after acquiring an additional 208,708 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Hilton Worldwide by 22.4% during the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock worth $1,233,612,000 after acquiring an additional 847,353 shares during the period. Finally, Invesco Ltd. grew its position in shares of Hilton Worldwide by 2.0% in the second quarter. Invesco Ltd. now owns 2,545,091 shares of the company’s stock valued at $677,859,000 after purchasing an additional 49,326 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $273.32 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $287.39. The stock has a market capitalization of $63.53 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.89 and a beta of 1.15. The company’s 50 day simple moving average is $267.32 and its 200 day simple moving average is $265.44.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s payout ratio is currently 8.68%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on HLT shares. Truist Financial lifted their price target on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company assumed coverage on Hilton Worldwide in a research report on Tuesday, November 18th. They set an “overweight” rating and a $332.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Susquehanna upped their price target on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average target price of $283.31.
Get Our Latest Stock Analysis on Hilton Worldwide
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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