Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Free Report) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 21st will be paid a dividend of 0.15 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st.
Hilton Worldwide has increased its dividend payment by an average of 0.3%per year over the last three years. Hilton Worldwide has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hilton Worldwide to earn $10.53 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.7%.
Hilton Worldwide Trading Up 0.6%
Hilton Worldwide stock opened at $328.24 on Wednesday. The stock has a market cap of $73.88 billion, a P/E ratio of 48.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company has a fifty day simple moving average of $330.76 and a 200-day simple moving average of $321.08. Hilton Worldwide has a 12-month low of $253.54 and a 12-month high of $358.00.
Hedge Funds Weigh In On Hilton Worldwide
Hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC increased its position in shares of Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after purchasing an additional 32 shares during the last quarter. Waddell & Associates LLC boosted its stake in Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after buying an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC boosted its stake in Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after buying an additional 34 shares in the last quarter. Quent Capital LLC grew its position in Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after acquiring an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC raised its stake in shares of Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after acquiring an additional 38 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
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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