Railway Pension Investments Ltd boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,400 shares of the company’s stock after buying an additional 5,000 shares during the period. Railway Pension Investments Ltd’s holdings in Hilton Worldwide were worth $9,962,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised 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 valued at $6,741,388,000 after purchasing an additional 196,126 shares during the period. State Street Corp boosted its stake in Hilton Worldwide by 0.9% in the 2nd quarter. State Street Corp now owns 9,595,709 shares of the company’s stock worth $2,555,721,000 after purchasing an additional 86,689 shares during the period. Geode Capital Management LLC grew its holdings in Hilton Worldwide by 2.8% during 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 buying an additional 172,121 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Worldwide by 4.0% during the second quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock valued at $1,449,599,000 after buying an additional 208,708 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 22.4% in the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock worth $1,233,612,000 after buying an additional 847,353 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT opened at $292.69 on Monday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $294.92. The firm has a 50 day moving average price of $277.18 and a 200-day moving average price of $271.00. The firm has a market cap of $68.03 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.64 and a beta of 1.15.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, November 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. Hilton Worldwide’s payout ratio is 8.68%.
Analyst Ratings Changes
A number of research firms recently weighed in on HLT. Sanford C. Bernstein decreased their target price on shares of Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a report on Wednesday, November 19th. Evercore ISI increased their price objective on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upgraded Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $285.00 to $317.00 in a research report on Monday, December 15th. Robert W. Baird lowered their price target on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, TD Cowen cut their price objective on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.31.
View 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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