NewEdge Wealth LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,062 shares of the company’s stock, valued at approximately $6,960,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new position in shares of Hilton Worldwide during the second quarter worth approximately $26,000. Trust Co. of Vermont acquired a new stake in shares of Hilton Worldwide in the second quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in Hilton Worldwide during the fourth quarter worth $26,000. Elevation Wealth Partners LLC increased its position in Hilton Worldwide by 1,128.6% during the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 79 shares during the period. Finally, Wilkerson Advisory Group LLC raised its stake in Hilton Worldwide by 163.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $334.73 on Thursday. The firm has a fifty day moving average of $330.69 and a 200-day moving average of $321.33. The stock has a market cap of $75.34 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 2.78 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00.
Hilton Worldwide Dividend Announcement
The business 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 $0.15 dividend. This represents a $0.60 annualized dividend 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%.
Analysts Set New Price Targets
Several analysts have issued reports on HLT shares. Susquehanna decreased their price target on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. BMO Capital Markets increased their target price on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Macquarie Infrastructure lifted their target price on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Rothschild & Co Redburn raised their price objective on Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $353.82.
Check Out Our Latest Stock Analysis on HLT
Hilton Worldwide Company Profile
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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