North Dakota State Investment Board acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 7,911 shares of the company’s stock, valued at approximately $2,272,000.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Hilton Worldwide by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after acquiring an additional 151,984 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 2.6% in the 3rd quarter. Jennison Associates LLC now owns 4,750,891 shares of the company’s stock worth $1,232,571,000 after acquiring an additional 119,172 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hilton Worldwide by 1.0% in the 3rd quarter. Northern Trust Corp now owns 2,385,868 shares of the company’s stock worth $618,990,000 after acquiring an additional 23,077 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Up 0.7%
NYSE:HLT opened at $318.37 on Tuesday. The company has a fifty day moving average of $313.20 and a 200 day moving average of $298.85. Hilton Worldwide Holdings Inc. has a 52 week low of $241.45 and a 52 week high of $344.75. The firm has a market capitalization of $72.48 billion, a P/E ratio of 48.61, a P/E/G ratio of 2.76 and a beta of 1.06.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Truist Financial boosted 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. Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. BMO Capital Markets upped their price target on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Finally, TD Cowen upped their price target on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $348.55.
View Our Latest Research 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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