Findlay Park Partners LLP acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 338,374 shares of the company’s stock, valued at approximately $111,819,000. Findlay Park Partners LLP owned 0.15% of Hilton Worldwide as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the 2nd quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide in the 2nd quarter worth $26,000. Trust Co. of Vermont purchased a new position in Hilton Worldwide in the 2nd quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC increased its position in shares of 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 last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Trading Down 0.9%
Shares of HLT opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The firm has a market cap of $73.54 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05. The stock has a 50 day moving average of $330.05 and a 200-day moving average of $321.58.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
Several research firms recently commented on HLT. Robert W. Baird boosted their price target on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price on the stock in a research report on Wednesday, August 12th. Wells Fargo & Company increased their target price on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Argus lifted their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Mizuho upped their price target on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.82.
Get 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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