National Pension Service boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 613,226 shares of the company’s stock after acquiring an additional 12,531 shares during the quarter. National Pension Service owned 0.26% of Hilton Worldwide worth $163,327,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in HLT. Verus Capital Partners LLC grew its position in Hilton Worldwide by 10.4% during the second quarter. Verus Capital Partners LLC now owns 1,820 shares of the company’s stock valued at $485,000 after purchasing an additional 171 shares in the last quarter. Laffer Tengler Investments Inc. purchased a new position in shares of Hilton Worldwide during the 2nd quarter valued at $333,000. Vise Technologies Inc. acquired a new position in shares of Hilton Worldwide in the second quarter worth $921,000. Allworth Financial LP raised its holdings in shares of Hilton Worldwide by 33.6% during the second quarter. Allworth Financial LP now owns 2,770 shares of the company’s stock worth $738,000 after acquiring an additional 696 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Hilton Worldwide by 7.0% during the second quarter. ProShare Advisors LLC now owns 44,288 shares of the company’s stock valued at $11,796,000 after purchasing an additional 2,882 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.3%
Shares of NYSE HLT opened at $274.52 on Thursday. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.80. The company has a market cap of $63.81 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.82 and a beta of 1.20. The business’s 50 day moving average is $265.69 and its two-hundred day moving average is $261.78.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.68%.
Wall Street Analysts Forecast Growth
HLT has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hilton Worldwide in a report on Friday, October 31st. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of Hilton Worldwide from $274.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Bank of America raised their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein upped their price objective on shares of Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.75.
Get Our Latest Stock Report on Hilton Worldwide
Insider Buying and Selling at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the sale, the insider directly owned 79,451 shares of the company’s stock, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.
Hilton Worldwide Company Profile
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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