Optas LLC lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the company’s stock after selling 271 shares during the period. Optas LLC’s holdings in Hilton Worldwide were worth $1,126,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Hilton Worldwide in the 1st quarter valued at about $2,262,000. Sowell Financial Services LLC bought a new stake in shares of Hilton Worldwide during the 1st quarter valued at about $314,000. Artemis Investment Management LLP boosted its position in shares of Hilton Worldwide by 3.9% during the 1st quarter. Artemis Investment Management LLP now owns 163,281 shares of the company’s stock valued at $37,155,000 after purchasing an additional 6,146 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Hilton Worldwide by 8.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after purchasing an additional 364,307 shares in the last quarter. Finally, Malaga Cove Capital LLC bought a new stake in shares of Hilton Worldwide during the 1st quarter valued at about $316,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.6%
Shares of Hilton Worldwide stock opened at $260.20 on Thursday. The company has a market cap of $61.20 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.80. The business has a 50 day moving average price of $268.13 and a 200-day moving average price of $252.94.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.22%.
Analysts Set New Price Targets
HLT has been the topic of several research analyst reports. Macquarie upped their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research report on Wednesday. Raymond James Financial upped their target price on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research note on Monday, June 23rd. They set an “overweight” rating and a $282.00 price target on the stock. Finally, Barclays dropped their price target on Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.69.
Insider Activity at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the completion of the sale, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.
About Hilton Worldwide
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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