Fig Financial Advisory Services Inc. ADV bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,812 shares of the company’s stock, valued at approximately $1,590,000. Hilton Worldwide accounts for approximately 0.9% of Fig Financial Advisory Services Inc. ADV’s holdings, making the stock its 27th biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Hilton Worldwide during the second quarter valued at approximately $6,271,258,000. Norges Bank acquired a new stake in Hilton Worldwide in the fourth quarter worth $803,047,000. Bank of New York Mellon Corp acquired a new stake in Hilton Worldwide in the second quarter worth $437,227,000. Deutsche Bank AG bought a new position in shares of Hilton Worldwide during the second quarter worth $272,861,000. Finally, Two Sigma Investments LP grew its holdings in shares of Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after buying an additional 758,930 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Up 0.6%
NYSE HLT opened at $328.24 on Wednesday. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The company has a market capitalization of $73.88 billion, a PE ratio of 48.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The firm’s 50 day moving average is $330.76 and its 200-day moving average is $321.08.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid 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 is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Analyst Upgrades and Downgrades
HLT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price target on the stock in a research report on Wednesday, August 12th. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a research report on Wednesday, August 12th. UBS Group reissued a “buy” rating and set a $363.00 target price on shares of Hilton Worldwide in a research note on Friday. Barclays lifted their price target on shares of Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Argus upped their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.82.
Read Our Latest Research Report on HLT
About Hilton Worldwide
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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