Oregon Public Employees Retirement Fund boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 31.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,928 shares of the company’s stock after purchasing an additional 6,408 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hilton Worldwide were worth $6,986,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of HLT. Vanguard Group Inc. grew its position in shares of Hilton Worldwide by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock valued at $6,741,388,000 after buying an additional 196,126 shares during the last quarter. State Street Corp boosted its stake in Hilton Worldwide by 0.9% in the second quarter. State Street Corp now owns 9,595,709 shares of the company’s stock valued at $2,555,721,000 after acquiring an additional 86,689 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hilton Worldwide by 2.8% during the second quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock worth $1,666,246,000 after purchasing an additional 172,121 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Worldwide by 4.0% during the second quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock worth $1,449,599,000 after purchasing an additional 208,708 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 22.4% in the 2nd quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after purchasing an additional 847,353 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 $300.30 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $303.40. The company has a market cap of $69.80 billion, a P/E ratio of 43.46, a PEG ratio of 2.54 and a beta of 1.15. The firm has a fifty day moving average of $280.51 and a two-hundred day moving average of $272.26.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 21st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wells Fargo & Company began coverage on Hilton Worldwide in a research note on Tuesday, November 18th. They set an “overweight” rating and a $332.00 price target on the stock. Robert W. Baird decreased their price objective on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Truist Financial upped their price target on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, October 28th. Finally, Sanford C. Bernstein increased their target price on shares of Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.50.
Check Out Our Latest Analysis on Hilton Worldwide
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.
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