Blue Trust Inc. raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 78.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,256 shares of the company’s stock after buying an additional 990 shares during the period. Blue Trust Inc.’s holdings in Hilton Worldwide were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in HLT. Summit Financial LLC increased its holdings in Hilton Worldwide by 4.3% during the first quarter. Summit Financial LLC now owns 968 shares of the company’s stock worth $220,000 after buying an additional 40 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Hilton Worldwide by 2.8% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock worth $385,000 after buying an additional 40 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in Hilton Worldwide by 4.4% during the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company’s stock worth $256,000 after buying an additional 41 shares during the last quarter. KWB Wealth increased its holdings in Hilton Worldwide by 2.0% during the second quarter. KWB Wealth now owns 2,135 shares of the company’s stock worth $569,000 after buying an additional 42 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Hilton Worldwide by 2.9% during the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock worth $351,000 after buying an additional 44 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Down 0.3%
HLT opened at $259.32 on Monday. The firm has a 50-day moving average price of $267.95 and a 200-day moving average price of $253.58. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80. The company has a market capitalization of $60.99 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 2.56 and a beta of 1.19.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given 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 was Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is 9.22%.
Insider Activity at Hilton Worldwide
In other 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 transaction, the insider directly owned 79,451 shares in the company, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on HLT. Bank of America raised their price objective on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Robert W. Baird raised their price objective on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Barclays reduced their target price on shares of Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein lifted their target price 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $265.69.
Check Out Our Latest Analysis on HLT
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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