Sei Investments Co. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 14.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 638,021 shares of the company’s stock after acquiring an additional 82,782 shares during the period. Sei Investments Co.’s holdings in Hilton Worldwide were worth $194,009,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. NewEdge Advisors LLC boosted its holdings in shares of Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares during the last quarter. Empowered Funds LLC boosted its stake in Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after buying an additional 1,669 shares during the last quarter. Woodline Partners LP grew its holdings in Hilton Worldwide by 38.8% during the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after buying an additional 5,687 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Hilton Worldwide by 112.4% during the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Hilton Worldwide by 182.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $324.36 on Thursday. The firm has a market capitalization of $73.84 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The business has a 50 day simple moving average of $333.55 and a two-hundred day simple moving average of $317.78. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.15 per share. The ex-dividend date was 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 presently 9.16%.
Wall Street Analyst Weigh In
HLT has been the subject of several research reports. TD Cowen increased their price objective on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Susquehanna increased their price target on shares of Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn upped their price objective on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, HSBC lifted their price objective on shares of Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $350.36.
Get Our Latest Analysis on HLT
Key Headlines Impacting Hilton Worldwide
Here are the key news stories impacting Hilton Worldwide this week:
- Positive Sentiment: JPMorgan raised Hilton’s price target to $365 and kept an Overweight rating, pointing to continued upside potential. Benzinga
- Positive Sentiment: Barclays lifted its price target to $367 and maintained an Overweight rating, reinforcing the bullish analyst view. Benzinga
- Positive Sentiment: Evercore ISI expects Hilton to outperform peers in the hotel sector, a favorable sign for investor sentiment. Article
- Neutral Sentiment: Analysts continue to discuss Hilton in mixed consumer-cyclical roundups, including one note describing sentiment as neutral. Article
- Neutral Sentiment: Hilton is approaching earnings with expectations for growth, and some analysts see a likely beat, but this is still a preview rather than confirmed results. Article
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 Articles
- Five stocks we like better than Hilton Worldwide
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
