MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,433 shares of the company’s stock, valued at approximately $1,134,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC lifted its holdings in Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $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 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after acquiring an additional 32 shares during the last quarter. Eaton Financial Holdings Company LLC raised its position in shares of Hilton Worldwide by 1.2% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after acquiring an additional 34 shares in the last quarter. L2 Asset Management LLC lifted its stake in Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after purchasing an additional 38 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Hilton Worldwide by 1.6% in the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after purchasing an additional 39 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Trading Down 2.1%
Shares of NYSE:HLT opened at $325.48 on Friday. The firm’s 50 day moving average is $328.48 and its two-hundred day moving average is $322.29. The firm has a market capitalization of $73.25 billion, a P/E ratio of 47.79, a PEG ratio of 2.82 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given 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 8.81%.
Analysts Set New Price Targets
HLT has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Argus boosted their price objective on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One equities 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.82.
View Our Latest 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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