Roundview Capital LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,479 shares of the company’s stock after selling 1,531 shares during the quarter. Roundview Capital LLC’s holdings in Hilton Worldwide were worth $1,726,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in HLT. NBC Securities Inc. acquired a new stake in shares of Hilton Worldwide in the first quarter valued at about $90,000. Sivia Capital Partners LLC acquired a new stake in Hilton Worldwide during the first quarter worth about $208,000. UMB Bank n.a. grew its position in Hilton Worldwide by 21.2% during the first quarter. UMB Bank n.a. now owns 1,339 shares of the company’s stock worth $305,000 after buying an additional 234 shares in the last quarter. OLD National Bancorp IN grew its position in Hilton Worldwide by 15.5% during the first quarter. OLD National Bancorp IN now owns 2,199 shares of the company’s stock worth $500,000 after buying an additional 295 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Hilton Worldwide by 6.3% during the first quarter. Park Avenue Securities LLC now owns 7,060 shares of the company’s stock worth $1,607,000 after buying an additional 421 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Trading Down 0.7%
NYSE:HLT opened at $258.46 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80. The firm has a 50 day moving average of $268.39 and a 200-day moving average of $252.89. The stock has a market capitalization of $60.79 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.22%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Raymond James Financial lifted their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Bank of America lifted their target price on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Macquarie lifted their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their price target on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein raised their price target on shares of Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $265.69.
Get Our Latest Stock Report on HLT
Insider Buying and Selling at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the sale, the insider owned 79,451 shares of the company’s stock, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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