Atria Wealth Solutions Inc. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 36.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,780 shares of the company’s stock after selling 1,010 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hilton Worldwide were worth $475,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HLT. Nuveen LLC bought a new position in shares of Hilton Worldwide during the first quarter worth about $353,985,000. Goldman Sachs Group Inc. grew its position in shares of Hilton Worldwide by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock worth $487,135,000 after acquiring an additional 494,224 shares during the last quarter. Strs Ohio bought a new position in shares of Hilton Worldwide during the first quarter worth about $97,505,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hilton Worldwide by 30.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock worth $391,521,000 after purchasing an additional 398,827 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Hilton Worldwide by 11.3% in the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock worth $861,132,000 after purchasing an additional 385,096 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.1%
Shares of NYSE HLT opened at $260.29 on Monday. 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 $61.22 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.57 and a beta of 1.19. The firm has a 50-day moving average of $268.09 and a two-hundred day moving average of $254.87.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Hilton Worldwide’s payout ratio is presently 9.22%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on HLT. Robert W. Baird reduced their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. Bank of America upped 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. Jefferies Financial Group upped their price objective on shares of Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a report on Wednesday, October 8th. Finally, Raymond James Financial upped their price objective on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $270.31.
View Our Latest Report on Hilton Worldwide
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction dated 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 sale, the insider owned 79,451 shares in the company, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
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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