Quantbot Technologies LP bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 50,038 shares of the company’s stock, valued at approximately $16,536,000. Hilton Worldwide comprises about 0.7% of Quantbot Technologies LP’s holdings, making the stock its 5th largest position.
Other large investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the second quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide during the second quarter worth approximately $26,000. Trust Co. of Vermont acquired a new stake in shares of Hilton Worldwide in the second quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $26,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $326.76 on Friday. The business’s fifty day moving average price is $330.05 and its 200 day moving average price is $321.58. The firm has a market capitalization of $73.54 billion, a PE ratio of 47.98, a P/E/G ratio of 2.77 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on HLT. Robert W. Baird increased their price target 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. Morgan Stanley upped their target price on shares of Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday, July 17th. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. CICC Research began coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein reduced their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Report on Hilton Worldwide
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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