Ballast Advisors LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,654 shares of the company’s stock after buying an additional 45 shares during the quarter. Ballast Advisors LLC’s holdings in Hilton Worldwide were worth $441,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HLT. Nuveen LLC bought a new stake in Hilton Worldwide in the 1st quarter worth about $353,985,000. Goldman Sachs Group Inc. increased its holdings in Hilton Worldwide by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock worth $487,135,000 after buying an additional 494,224 shares in the last quarter. Strs Ohio bought a new stake in Hilton Worldwide in the 1st quarter worth about $97,505,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hilton Worldwide by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock worth $391,521,000 after buying an additional 398,827 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Hilton Worldwide by 11.3% in the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock worth $861,132,000 after buying an additional 385,096 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Up 0.1%
HLT stock opened at $267.84 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80. The stock has a market cap of $62.25 billion, a P/E ratio of 38.76, a PEG ratio of 2.81 and a beta of 1.19. The business’s 50-day moving average price is $267.99 and its 200-day moving average price is $256.73.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.68%.
Insider Buying and Selling
In related news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on HLT. The Goldman Sachs Group boosted their price target on Hilton Worldwide from $274.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America boosted their price target on Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Wednesday, October 8th. Susquehanna boosted their price target on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Truist Financial boosted their price target on Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $277.75.
Get Our Latest Analysis on HLT
Hilton Worldwide Company 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.
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