Great Lakes Advisors LLC purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,482 shares of the company’s stock, valued at approximately $2,142,000.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $6,271,258,000. Geode Capital Management LLC boosted its stake in shares of Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Hilton Worldwide by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after acquiring an additional 284,352 shares during the period. Bank of America Corp DE raised its holdings in Hilton Worldwide by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after purchasing an additional 40,343 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after buying an additional 475,896 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.9%
Hilton Worldwide stock opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The firm has a 50-day moving average price of $330.05 and a 200-day moving average price of $321.58. The firm has a market capitalization of $73.54 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Macquarie Infrastructure increased their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Bank of America upped their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. Weiss Ratings downgraded shares of Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Finally, Barclays raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.82.
View Our Latest Stock Report on HLT
Hilton Worldwide 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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