Voya Investment Management LLC trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 19.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,593 shares of the company’s stock after selling 80,842 shares during the period. Voya Investment Management LLC’s holdings in Hilton Worldwide were worth $87,585,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $676,201,000. Jennison Associates LLC increased its stake in 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 buying an additional 847,353 shares during the period. Winslow Capital Management LLC raised its position in Hilton Worldwide by 62.6% during the 2nd quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock worth $504,532,000 after buying an additional 729,295 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Hilton Worldwide by 126.3% during the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after purchasing an additional 635,220 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Hilton Worldwide in the 1st quarter valued at approximately $97,505,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $292.05 on Friday. The company has a market cap of $67.88 billion, a price-to-earnings ratio of 42.26, a price-to-earnings-growth ratio of 2.96 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $294.92. The stock’s 50-day moving average is $271.91 and its 200-day moving average is $267.83.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st. Hilton Worldwide’s payout ratio is presently 8.68%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HLT. Cowen reissued a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Truist Financial increased 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. The Goldman Sachs Group upgraded Hilton Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $285.00 to $317.00 in a research report on Monday, December 15th. Susquehanna raised their price target on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, TD Cowen decreased their price objective on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $285.31.
Check Out Our Latest Analysis on HLT
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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