Prudential Financial Inc. lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,580 shares of the company’s stock after acquiring an additional 7,605 shares during the period. Prudential Financial Inc.’s holdings in Hilton Worldwide were worth $35,844,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in HLT. Clearstead Trust LLC purchased a new position in Hilton Worldwide during the 2nd quarter worth approximately $30,000. Bank of Jackson Hole Trust boosted its position in shares of Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after buying an additional 73 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Hilton Worldwide by 59.8% during the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after buying an additional 52 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Hilton Worldwide during the second quarter valued at $39,000. Finally, LRI Investments LLC lifted its stake in Hilton Worldwide by 84.1% in the 2nd quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.1%
Shares of HLT opened at $274.07 on Tuesday. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The company’s fifty day moving average is $264.75 and its 200-day moving average is $263.93. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.80.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid 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, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.68%.
Analyst Ratings Changes
Several equities analysts have weighed in on HLT shares. TD Cowen lowered their target price on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Susquehanna upped their price objective on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Robert W. Baird cut their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Sanford C. Bernstein lowered their price target on shares of Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a report on Wednesday, November 19th. Finally, Barclays increased their price objective on Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $283.31.
Get Our Latest Stock Analysis on HLT
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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