TCM Advisors LLC purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,600 shares of the company’s stock, valued at approximately $529,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Hilton Worldwide in the 2nd quarter worth $6,271,258,000. Norges Bank bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $803,047,000. Bank of New York Mellon Corp bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $437,227,000. Deutsche Bank AG purchased a new position in shares of Hilton Worldwide during the second quarter valued at about $272,861,000. Finally, Two Sigma Investments LP raised its stake in Hilton Worldwide by 1,222.9% in the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after buying an additional 758,930 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
NYSE:HLT opened at $326.76 on Monday. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The company’s 50-day simple moving average is $330.05 and its 200 day simple moving average is $321.72.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Analysts Set New Price Targets
HLT has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. The Goldman Sachs Group increased their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays raised their target price on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. China Intl Cap raised Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Mizuho increased their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.82.
View Our Latest Stock 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
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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.
