Allspring Global Investments Holdings LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 39.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,510 shares of the company’s stock after selling 110,303 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of Hilton Worldwide worth $53,178,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in Hilton Worldwide in the fourth quarter valued at approximately $26,000. ST Germain D J Co. Inc. bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $33,000. BOCHK Asset Management Ltd acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $43,000. MV Capital Management Inc. bought a new position in Hilton Worldwide during the 4th quarter worth $43,000. Finally, Elyxium Wealth LLC acquired a new stake in Hilton Worldwide in the fourth quarter worth $47,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of NYSE:HLT opened at $322.23 on Friday. The stock has a market capitalization of $73.36 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 2.80 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The company has a 50 day moving average price of $332.95 and a 200 day moving average price of $316.86.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HLT. Truist Financial increased 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. Mizuho upped their target price on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Sanford C. Bernstein cut their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $376.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $350.18.
Read Our Latest Analysis on Hilton Worldwide
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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