Global Retirement Partners LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,878 shares of the company’s stock, valued at approximately $1,282,000.
Several other hedge funds have also recently bought and sold shares of HLT. Elevation Wealth Partners LLC lifted its holdings in Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Hilton Worldwide in the 4th quarter worth $26,000. Wilkerson Advisory Group LLC increased its stake in Hilton Worldwide by 163.2% during the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after acquiring an additional 62 shares during the period. Meeder Asset Management Inc. lifted its position in Hilton Worldwide by 70.1% in the first quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock worth $35,000 after purchasing an additional 47 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter worth about $33,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Down 0.1%
NYSE:HLT opened at $326.88 on Tuesday. The company has a market cap of $73.57 billion, a P/E ratio of 48.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The business has a 50 day moving average price of $331.05 and a two-hundred day moving average price of $320.86.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is 8.81%.
Analyst Ratings Changes
HLT has been the topic of several recent analyst reports. Bank of America boosted their price target on Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Macquarie Infrastructure boosted their price objective on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group upped their target price on shares of Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Finally, Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.82.
Check Out Our Latest Analysis on Hilton Worldwide
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.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
