Norges Bank acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,795,637 shares of the company’s stock, valued at approximately $803,047,000. Norges Bank owned about 1.20% of Hilton Worldwide as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Caitlin John LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at $32,000. ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter worth $33,000. Ameritas Advisory Services LLC grew its position in shares of Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after buying an additional 73 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Hilton Worldwide during the 4th quarter worth $43,000. Finally, Elyxium Wealth LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $328.06 on Friday. The stock has a market capitalization of $74.68 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75. The business has a fifty day moving average price of $318.31 and a 200 day moving average price of $302.59.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HLT. Bank of America increased their price target on Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. The Goldman Sachs Group increased their price target on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Truist Financial increased 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. Morgan Stanley increased their price target on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company upped their price objective on Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.55.
View Our Latest Stock Analysis on HLT
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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