Hilton Worldwide Holdings said on October 25, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of November 16, 2023 to qualify for the dividend. Shareholders of record as of November 17, 2023 will receive the payment on December 29, 2023.
At the current share price of $149.17 / share, the stock’s dividend yield is 0.40%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.57%, the lowest has been 0.39%, and the highest has been 0.95%. The standard deviation of yields is 0.15 (n=137).
The current dividend yield is 1.08 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.12. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 1631 funds or institutions reporting positions in Hilton Worldwide Holdings. This is a decrease of 4 owner(s) or 0.24% in the last quarter. Average portfolio weight of all funds dedicated to HLT is 0.37%, a decrease of 3.58%. Total shares owned by institutions decreased in the last three months by 0.66% to 301,745K shares. The put/call ratio of HLT is 0.53, indicating a bullish outlook.
Analyst Price Forecast Suggests 12.01% Upside
As of October 5, 2023, the average one-year price target for Hilton Worldwide Holdings is 167.09. The forecasts range from a low of 146.45 to a high of $189.00. The average price target represents an increase of 12.01% from its latest reported closing price of 149.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hilton Worldwide Holdings is 9,925MM, an increase of 129.11%. The projected annual non-GAAP EPS is 5.71.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 10,011K shares representing 3.90% ownership of the company. In it’s prior filing, the firm reported owning 8,975K shares, representing an increase of 10.35%. The firm increased its portfolio allocation in HLT by 9.50% over the last quarter.
Principal Financial Group holds 9,553K shares representing 3.73% ownership of the company. In it’s prior filing, the firm reported owning 9,610K shares, representing a decrease of 0.60%. The firm decreased its portfolio allocation in HLT by 1.82% over the last quarter.
Pershing Square Capital Management holds 9,333K shares representing 3.64% ownership of the company. In it’s prior filing, the firm reported owning 9,299K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in HLT by 2.06% over the last quarter.
Capital International Investors holds 8,997K shares representing 3.51% ownership of the company. In it’s prior filing, the firm reported owning 7,486K shares, representing an increase of 16.80%. The firm increased its portfolio allocation in HLT by 16.53% over the last quarter.
Bank Of America holds 8,393K shares representing 3.27% ownership of the company. In it’s prior filing, the firm reported owning 8,797K shares, representing a decrease of 4.81%. The firm increased its portfolio allocation in HLT by 0.60% over the last quarter.
Hilton Worldwide Holdings Background Information
(This description is provided by the company.)
Hilton Worldwide Holdings Inc.is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,300 properties and more than one million rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2020 World’s Best Workplaces list, and was named the 2020 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness and disinfection to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the more than 110 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including contactless check-in with room selection, Digital Key, and Connected Room.
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