Czech National Bank raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 64,797 shares of the company’s stock after purchasing an additional 2,350 shares during the period. Czech National Bank’s holdings in Hilton Worldwide were worth $21,413,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in HLT. Kemnay Advisory Services Inc. bought a new stake in Hilton Worldwide during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC boosted its holdings in shares of Hilton Worldwide by 163.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock worth $30,000 after purchasing an additional 62 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $33,000. Meeder Asset Management Inc. raised its holdings in shares of Hilton Worldwide by 70.1% during the 1st quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $43,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
HLT stock opened at $317.35 on Friday. The business’s 50 day moving average price is $333.00 and its two-hundred day moving average price is $319.66. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00.
Hilton Worldwide Dividend Announcement
The business also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
HLT has been the subject of several research reports. The Goldman Sachs Group upped their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their price target on Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. HSBC upped their price target on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein dropped their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Finally, Evercore raised Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Fourteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $353.05.
Get Our Latest Research Report 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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