Danske Bank A S bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 135,329 shares of the company’s stock, valued at approximately $44,721,000. Danske Bank A S owned 0.06% of Hilton Worldwide at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC raised its holdings in Hilton Worldwide by 4.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after purchasing an additional 32 shares during the last quarter. Waddell & Associates LLC increased its position in shares of Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after buying an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC raised its stake in shares of Hilton Worldwide by 1.2% during the 4th 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 during the last quarter. Quent Capital LLC raised its stake in shares of Hilton Worldwide by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC boosted its position in shares of Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 2.1%
HLT stock opened at $334.73 on Thursday. The company has a market cap of $75.34 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The stock has a 50-day moving average price of $330.69 and a two-hundred day moving average price of $321.33. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s payout ratio is 8.81%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HLT. Robert W. Baird increased their target price on Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Rothschild & Co Redburn boosted their price target on Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. HSBC upped their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. UBS Group reiterated a “buy” rating and set a $363.00 price objective on shares of Hilton Worldwide in a research report on Friday, August 14th. Finally, BMO Capital Markets boosted 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. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.82.
View Our Latest Stock Report on Hilton Worldwide
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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