Sentinel Dome Partners LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,850 shares of the company’s stock, valued at approximately $3,404,000. Hilton Worldwide comprises approximately 2.3% of Sentinel Dome Partners LLC’s portfolio, making the stock its 15th biggest position.
Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Hilton Worldwide during the 4th quarter worth about $803,047,000. Two Sigma Investments LP boosted its stake in shares of Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after purchasing an additional 758,930 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Hilton Worldwide by 126.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after buying an additional 635,220 shares during the period. Franklin Resources Inc. raised its stake in shares of Hilton Worldwide by 10.4% during the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after buying an additional 567,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $1,462,778,000 after buying an additional 475,896 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $349.10 on Friday. The company has a market cap of $79.47 billion, a PE ratio of 53.30, a PEG ratio of 3.04 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a 52-week low of $243.53 and a 52-week high of $358.00. The stock has a 50-day simple moving average of $330.34 and a 200 day simple moving average of $309.71.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analysts Set New Price Targets
HLT has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Truist Financial raised their price target on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Barclays lifted their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Argus raised their target price on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, Raymond James Financial upped their price target on Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $349.45.
Get Our Latest Stock Analysis on HLT
Hilton Worldwide 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.
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