iSAM Funds UK Ltd decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 41.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,880 shares of the company’s stock after selling 2,014 shares during the quarter. iSAM Funds UK Ltd’s holdings in Hilton Worldwide were worth $952,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HLT. BlackRock Inc. purchased a new stake in Hilton Worldwide during the 2nd quarter worth approximately $6,271,258,000. Bank of America Corp DE acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at approximately $1,733,669,000. Norges Bank purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $803,047,000. Jupiter Topco LLC acquired a new stake in shares of Hilton Worldwide during the second quarter worth approximately $663,882,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hilton Worldwide during the second quarter worth approximately $437,227,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.1%
HLT stock opened at $311.59 on Thursday. The stock has a market cap of $70.13 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The firm’s 50-day simple moving average is $326.11 and its 200 day simple moving average is $322.13. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00.
Hilton Worldwide Dividend Announcement
The firm 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 dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.81%.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. China Intl Cap raised shares of Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Sanford C. Bernstein cut their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Finally, Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.82.
Read Our Latest Analysis on HLT
Hilton Worldwide Company 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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