Toronto Dominion Bank raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,983 shares of the company's stock after buying an additional 2,146 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Hilton Worldwide worth $33,361,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Capital International Investors lifted its stake in Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock valued at $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hilton Worldwide by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after buying an additional 67,292 shares in the last quarter. Franklin Resources Inc. lifted its stake in Hilton Worldwide by 7.8% in the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock valued at $1,090,346,000 after buying an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Hilton Worldwide by 5.1% in the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after buying an additional 164,461 shares in the last quarter. Institutional investors own 95.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on HLT. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Truist Financial cut their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and an average price target of $245.56.
Check Out Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Stock Performance
HLT traded down $1.72 during trading on Friday, reaching $244.92. 1,057,746 shares of the stock were exchanged, compared to its average volume of 1,756,309. The stock has a market cap of $58.22 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a twelve month low of $194.93 and a twelve month high of $275.22. The stock's 50 day moving average price is $228.47 and its two-hundred day moving average price is $243.66.
Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company earned $1.53 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
Hilton Worldwide Announces Dividend
The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 9.46%.
Hilton Worldwide Profile
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Free Report)
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.
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