TCM Advisors LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,600 shares of the company’s stock, valued at approximately $529,000.
A number of other hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $26,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.0%
Shares of HLT opened at $326.76 on Monday. The stock has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05. The firm has a fifty day simple moving average of $330.05 and a two-hundred day simple moving average of $321.72. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s payout ratio is currently 8.81%.
Analyst Upgrades and Downgrades
HLT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price target for the company in a research note on Wednesday, August 12th. Bank of America raised their price objective on Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Macquarie Infrastructure lifted their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their target price on Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna reduced their price target on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $353.82.
View Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company 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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