CIBC Bancorp USA Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,428 shares of the company’s stock, valued at approximately $8,673,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $676,201,000. JPMorgan Chase & Co. grew its stake in Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after buying an additional 1,132,880 shares during the last quarter. Two Sigma Investments LP grew its stake in 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 buying an additional 758,930 shares during the last quarter. Winslow Capital Management LLC increased its holdings in shares of Hilton Worldwide by 62.6% during the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock worth $504,532,000 after buying an additional 729,295 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Hilton Worldwide by 126.3% in the second 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 during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 1.8%
NYSE:HLT opened at $292.44 on Friday. The stock has a market capitalization of $67.05 billion, a PE ratio of 47.78, a P/E/G ratio of 2.58 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $333.86. The firm has a fifty day simple moving average of $304.80 and a 200 day simple moving average of $284.43.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 27th. Hilton Worldwide’s dividend payout ratio (DPR) is 9.80%.
Insider Buying and Selling
In related news, insider Christopher J. Nassetta sold 114,289 shares of Hilton Worldwide stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the completion of the transaction, the insider owned 36,445 shares in the company, valued at approximately $11,570,194.15. This trade represents a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $339.00 target price on shares of Hilton Worldwide in a report on Wednesday, February 11th. Truist Financial lifted their price objective on Hilton Worldwide from $253.00 to $307.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. Robert W. Baird boosted their price objective on Hilton Worldwide from $285.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $318.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Evercore lifted their price target on Hilton Worldwide from $325.00 to $335.00 in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.18.
Check Out Our Latest Research Report 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.
Featured Stories
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
