Jupiter Topco LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,008,827 shares of the company’s stock, valued at approximately $663,882,000. Jupiter Topco LLC owned approximately 0.89% of Hilton Worldwide as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Hilton Worldwide during the second quarter worth $6,271,258,000. Geode Capital Management LLC increased its position in shares of Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after purchasing an additional 31,364 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Hilton Worldwide by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after purchasing an additional 284,352 shares during the period. Bank of America Corp DE grew its position in Hilton Worldwide by 0.7% during the first quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock valued at $1,808,235,000 after buying an additional 40,343 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after acquiring an additional 475,896 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Performance
Shares of HLT opened at $329.72 on Wednesday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The stock’s 50-day simple moving average is $329.30 and its 200 day simple moving average is $322.04. The stock has a market capitalization of $74.21 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on HLT. Truist Financial increased their target price on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. CICC Research started coverage on Hilton Worldwide in a report on Wednesday, August 12th. They set an “outperform” rating for the company. Susquehanna decreased their target price on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Barclays upped their price target on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Mizuho lifted their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.82.
Read Our Latest Stock Report 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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