Cibc World Market Inc. acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 27,267 shares of the company’s stock, valued at approximately $9,011,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HLT. BlackRock Inc. bought a new position in Hilton Worldwide in the second quarter worth $6,271,258,000. Geode Capital Management LLC grew its holdings in Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares during the last quarter. Franklin Resources Inc. boosted its position in Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after buying an additional 284,352 shares during the last quarter. Bank of America Corp DE lifted its position in Hilton Worldwide by 0.7% during the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock valued at $1,808,235,000 after purchasing an additional 40,343 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after acquiring an additional 475,896 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $329.72 on Wednesday. The stock has a market capitalization of $74.21 billion, a PE ratio of 48.42, a P/E/G ratio of 2.80 and a beta of 1.05. The business’s fifty day moving average price is $329.30 and its 200-day moving average price is $322.04. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be given 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 is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on HLT shares. Robert W. Baird raised their price target on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Susquehanna dropped their price objective on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating and issued a $363.00 price objective on shares of Hilton Worldwide in a report on Friday, August 14th. Wells Fargo & Company raised their target price on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Mizuho raised their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Stock Report on HLT
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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