Scott & Selber Inc. purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 765 shares of the company’s stock, valued at approximately $204,000.
A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Hilton Worldwide by 22.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,140 shares of the company’s stock worth $9,674,000 after purchasing an additional 7,237 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Hilton Worldwide by 7.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,275 shares of the company’s stock worth $290,000 after acquiring an additional 88 shares during the period. Rhumbline Advisers lifted its stake in shares of Hilton Worldwide by 1.0% in the first quarter. Rhumbline Advisers now owns 464,810 shares of the company’s stock valued at $105,769,000 after buying an additional 4,622 shares during the period. Czech National Bank increased its position in shares of Hilton Worldwide by 4.6% during the first quarter. Czech National Bank now owns 55,262 shares of the company’s stock valued at $12,575,000 after purchasing an additional 2,405 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter worth about $90,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of Hilton Worldwide stock opened at $261.76 on Monday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80. The company has a market capitalization of $61.56 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.21. The business has a 50-day moving average of $270.06 and a two-hundred day moving average of $251.65.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. Hilton Worldwide’s payout ratio is currently 9.22%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Macquarie lifted their price target on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America raised their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Raymond James Financial boosted their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Truist Financial lifted their target price on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein increased their price target on Hilton Worldwide from $261.00 to $288.00 and gave the company a “market perform” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $265.88.
View Our Latest Analysis on HLT
Insiders Place Their Bets
In related news, insider Christopher W. Silcock sold 11,905 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the transaction, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
Recommended Stories
- Five stocks we like better than Hilton Worldwide
- Canada Bond Market Holiday: How to Invest and Trade
- SoundHound Breaks Critical Resistance: How High Can It Get Now?
- The Risks of Owning Bonds
- Klarna IPO: BNPL Stock or Something Bigger?
- Why Invest in 5G? How to Invest in 5G Stocks
- Why Teradyne Is a Core Play in the AI Hardware Boom
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.