Allspring Global Investments Holdings LLC grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 52.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,686 shares of the company’s stock after purchasing an additional 93,359 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hilton Worldwide were worth $73,342,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC grew its position in shares of Hilton Worldwide by 84.1% during the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock valued at $40,000 after purchasing an additional 69 shares in the last quarter. ORG Partners LLC grew its position in shares of Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 74 shares in the last quarter. Beacon Capital Management LLC grew its position in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock valued at $40,000 after purchasing an additional 76 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock valued at $45,000 after acquiring an additional 142 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Hilton Worldwide by 35.0% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock valued at $58,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $263.62 on Tuesday. The firm has a 50-day simple moving average of $267.97 and a two-hundred day simple moving average of $253.84. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80. The company has a market cap of $62.00 billion, a P/E ratio of 40.49, a PEG ratio of 2.56 and a beta of 1.19.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Hilton Worldwide’s payout ratio is currently 9.22%.
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the completion of the sale, the insider owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
Analysts Set New Price Targets
HLT has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a report on Wednesday, October 8th. Bank of America increased their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, July 21st. Barclays lowered their price target on shares of Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Truist Financial increased their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein increased their price target on shares of Hilton Worldwide from $261.00 to $288.00 and gave the company a “market perform” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.69.
Read Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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