TD Asset Management Inc lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616,059 shares of the company’s stock after purchasing an additional 297,018 shares during the period. TD Asset Management Inc owned about 0.70% of Hilton Worldwide worth $419,270,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clearstead Trust LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth $30,000. Sagard Holdings Management Inc. purchased a new position in Hilton Worldwide in the 2nd quarter valued at about $30,000. Bank of Jackson Hole Trust grew its holdings in shares of Hilton Worldwide by 132.7% during the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after buying an additional 73 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after buying an additional 45 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE HLT opened at $312.62 on Wednesday. The firm has a market capitalization of $71.68 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.69 and a beta of 1.13. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $333.86. The company’s 50 day moving average price is $301.32 and its 200 day moving average price is $280.84.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 27th. Hilton Worldwide’s dividend payout ratio is 9.80%.
Wall Street Analysts Forecast Growth
HLT has been the subject of several analyst reports. Robert W. Baird boosted their price target on Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Argus upped their target price on Hilton Worldwide from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Evercore increased their target price on Hilton Worldwide from $325.00 to $335.00 in a research report on Thursday, February 12th. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $338.00 to $373.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Mizuho increased their price objective on shares of Hilton Worldwide from $266.00 to $321.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.50.
Get Our Latest Stock Analysis on Hilton Worldwide
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the completion of the sale, the insider owned 36,445 shares in the company, valued at $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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