Hennessy Advisors Inc. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,871 shares of the company’s stock, valued at approximately $2,601,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Allstate Corp lifted its holdings in shares of Hilton Worldwide by 100.2% in the fourth quarter. Allstate Corp now owns 16,678 shares of the company’s stock valued at $4,791,000 after buying an additional 8,348 shares during the period. Cumberland Partners Ltd grew its holdings in Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after acquiring an additional 7,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Hilton Worldwide by 4.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock worth $143,944,000 after acquiring an additional 22,249 shares during the period. Amundi raised its position in Hilton Worldwide by 4.0% in the first quarter. Amundi now owns 1,338,426 shares of the company’s stock worth $406,989,000 after acquiring an additional 51,767 shares in the last quarter. Finally, Applied Finance Capital Management LLC lifted its holdings in Hilton Worldwide by 96.7% in the 4th quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock valued at $2,954,000 after acquiring an additional 5,055 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Price Performance
NYSE HLT opened at $322.20 on Monday. The firm has a market capitalization of $72.52 billion, a price-to-earnings ratio of 47.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The company has a 50 day simple moving average of $327.95 and a 200-day simple moving average of $322.35. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 8.81%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HLT shares. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein reduced their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Barclays upped their price target on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Argus lifted their target price on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.82.
Check Out 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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