Hilton Worldwide Holdings Inc. (NYSE:HLT) is South Street Advisors LLC’s 9th Largest Position

South Street Advisors LLC boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 97,062 shares of the company’s stock after acquiring an additional 1,166 shares during the period. Hilton Worldwide makes up approximately 3.2% of South Street Advisors LLC’s portfolio, making the stock its 9th largest position. South Street Advisors LLC’s holdings in Hilton Worldwide were worth $21,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Hilton Worldwide by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after purchasing an additional 190,429 shares during the period. JPMorgan Chase & Co. raised its stake in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the period. Putnam Investments LLC raised its stake in Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock worth $696,680,000 after purchasing an additional 216,219 shares during the period. Capital World Investors raised its stake in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares during the period. Finally, Norges Bank purchased a new position in Hilton Worldwide during the fourth quarter worth about $475,073,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $210.65 on Wednesday. The stock has a market capitalization of $51.91 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a 50 day moving average price of $214.53 and a 200 day moving average price of $209.14. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America lifted their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Truist Financial reduced their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Barclays reduced their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird reduced their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $212.22.

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.