Jennison Associates LLC Acquires 30,676 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Jennison Associates LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 298,024 shares of the company’s stock after buying an additional 30,676 shares during the period. Jennison Associates LLC’s holdings in Hilton Worldwide were worth $54,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management bought a new stake in Hilton Worldwide during the fourth quarter worth $26,000. OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide during the third quarter worth $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $37,000. Exchange Traded Concepts LLC acquired a new position in shares of Hilton Worldwide during the third quarter worth $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Hilton Worldwide by 494.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock worth $36,000 after buying an additional 193 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

HLT has been the subject of several research analyst reports. UBS Group upped their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Truist Financial restated a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a report on Wednesday, March 20th. Wells Fargo & Company increased their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. HSBC increased their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Barclays increased their price objective on Hilton Worldwide from $204.00 to $216.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $201.78.

Hilton Worldwide Price Performance

HLT stock opened at $197.19 on Wednesday. The stock has a market capitalization of $49.56 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. The company’s 50-day moving average is $205.31 and its 200-day moving average is $184.17. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

About Hilton Worldwide

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.