Elevation Point Wealth Partners LLC boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 348.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,457 shares of the company’s stock after buying an additional 8,901 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Hilton Worldwide were worth $3,484,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $803,047,000. Two Sigma Investments LP raised its position in 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. raised its position in Hilton Worldwide by 126.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock valued at $303,173,000 after purchasing an additional 635,220 shares during the last quarter. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after purchasing an additional 567,651 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after purchasing an additional 475,896 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of Hilton Worldwide stock opened at $338.80 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The company has a market cap of $77.13 billion, a P/E ratio of 51.72, a PEG ratio of 2.95 and a beta of 1.05. The firm has a fifty day moving average of $331.51 and a two-hundred day moving average of $314.05.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Truist Financial lifted their price objective on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein lowered their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Evercore increased their price objective on Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.45.
Check Out Our Latest Analysis 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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