Corient Private Wealth LP acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 379,448 shares of the company’s stock, valued at approximately $125,394,000. Corient Private Wealth LP owned approximately 0.17% of Hilton Worldwide as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares during the period. Empowered Funds LLC boosted its position in shares of Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after buying an additional 1,669 shares during the period. Woodline Partners LP grew its holdings in shares of Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after buying an additional 5,687 shares in the last quarter. Intech Investment Management LLC raised its position in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after buying an additional 2,899 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Hilton Worldwide by 182.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Up 1.0%
NYSE:HLT opened at $332.45 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The firm has a market capitalization of $74.82 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05. The stock’s 50 day moving average price is $328.96 and its two-hundred day moving average price is $322.21.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be given 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 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 reports. Barclays raised their price target on shares of Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Sanford C. Bernstein decreased their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, CICC Research began coverage on shares of Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Stock Report on HLT
Hilton Worldwide Profile
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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