Jennison Associates LLC Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Jennison Associates LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 11.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,784,366 shares of the company's stock after purchasing an additional 385,096 shares during the quarter. Jennison Associates LLC owned approximately 1.59% of Hilton Worldwide worth $861,132,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HLT. Fiduciary Trust Co grew its holdings in shares of Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after purchasing an additional 38 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Hilton Worldwide by 2.9% in the 1st quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after acquiring an additional 44 shares during the last quarter. First Bank & Trust increased its stake in Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock worth $2,375,000 after acquiring an additional 48 shares during the last quarter. CoreCap Advisors LLC raised its position in Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after purchasing an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Hilton Worldwide by 5.8% in the 1st quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock worth $219,000 after purchasing an additional 53 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HLT. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $246.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday. Morgan Stanley reduced their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays decreased their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI decreased their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $250.94.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $0.39 during midday trading on Friday, reaching $272.60. The company's stock had a trading volume of 2,352,514 shares, compared to its average volume of 1,794,183. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The stock has a market capitalization of $64.80 billion, a P/E ratio of 43.00, a PEG ratio of 2.78 and a beta of 1.25. The stock's 50-day simple moving average is $257.16 and its 200-day simple moving average is $245.76.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Monday, May 26th were issued a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 23rd. Hilton Worldwide's dividend payout ratio (DPR) is 9.46%.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.