Yousif Capital Management LLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,376 shares of the company’s stock after selling 3,815 shares during the period. Yousif Capital Management LLC’s holdings in Hilton Worldwide were worth $8,357,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs acquired a new position in Hilton Worldwide in the 1st quarter valued at approximately $2,262,000. Sowell Financial Services LLC acquired a new position in Hilton Worldwide in the 1st quarter valued at approximately $314,000. Artemis Investment Management LLP grew its stake in shares of Hilton Worldwide by 3.9% in the 1st quarter. Artemis Investment Management LLP now owns 163,281 shares of the company’s stock valued at $37,155,000 after purchasing an additional 6,146 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Hilton Worldwide by 8.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after purchasing an additional 364,307 shares during the period. Finally, Malaga Cove Capital LLC bought a new stake in shares of Hilton Worldwide in the 1st quarter valued at approximately $316,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT opened at $263.62 on Tuesday. The firm has a market capitalization of $62.00 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.56 and a beta of 1.19. The business’s fifty day moving average price is $267.97 and its two-hundred day moving average price is $253.84. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.80.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.22%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a research note on Monday, June 23rd. They issued an “overweight” rating and a $282.00 price objective on the stock. Raymond James Financial upped their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Barclays lowered their price objective on Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Bank of America increased their price target on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.69.
Get Our Latest Stock Analysis on Hilton Worldwide
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider directly owned 79,451 shares in the company, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.
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