Great Lakes Advisors LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 6,482 shares of the company’s stock, valued at approximately $2,142,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. CYBER HORNET ETFs LLC grew its holdings in shares of Hilton Worldwide by 4.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after buying an additional 32 shares during the last quarter. Waddell & Associates LLC increased its holdings in shares of Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after purchasing an additional 32 shares during the period. Eaton Financial Holdings Company LLC raised its stake in shares of Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after purchasing an additional 34 shares during the last quarter. Quent Capital LLC boosted its position in Hilton Worldwide by 3.8% in the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after buying an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC increased its holdings in Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after buying an additional 38 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 0.9%
Shares of HLT opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.79 and a beta of 1.05. The firm has a 50-day moving average price of $330.05 and a 200 day moving average price of $321.58.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. CICC Research assumed coverage on Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. Susquehanna reduced their price target on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. HSBC upped their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Bank of America lifted their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.82.
View Our Latest Stock Analysis on HLT
Hilton Worldwide 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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