Yousif Capital Management LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,376 shares of the company’s stock after selling 3,815 shares during the quarter. Yousif Capital Management LLC’s holdings in Hilton Worldwide were worth $8,357,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Summit Financial LLC grew its holdings in shares of Hilton Worldwide by 4.3% during the first quarter. Summit Financial LLC now owns 968 shares of the company’s stock valued at $220,000 after buying an additional 40 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in Hilton Worldwide by 2.8% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock valued at $385,000 after purchasing an additional 40 shares in the last quarter. Sage Rhino Capital LLC grew its stake in Hilton Worldwide by 4.4% in the second quarter. Sage Rhino Capital LLC now owns 963 shares of the company’s stock valued at $256,000 after purchasing an additional 41 shares in the last quarter. KWB Wealth grew its stake in Hilton Worldwide by 2.0% in the second quarter. KWB Wealth now owns 2,135 shares of the company’s stock valued at $569,000 after purchasing an additional 42 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Hilton Worldwide by 1.5% in the second quarter. Concurrent Investment Advisors LLC now owns 2,943 shares of the company’s stock valued at $784,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE HLT opened at $263.62 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80. The stock has a market capitalization of $62.00 billion, a PE ratio of 40.49, a P/E/G ratio of 2.56 and a beta of 1.19. The stock has a 50-day simple moving average of $267.97 and a 200 day simple moving average of $253.84.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given 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%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Macquarie boosted their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Wednesday, October 8th. Truist Financial boosted their target price on Hilton Worldwide from $223.00 to $246.00 and gave the company a “hold” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a research note on Monday, June 23rd. They set an “overweight” rating and a $282.00 price target for the company. Finally, Raymond James Financial upped their price target on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $265.69.
Check Out Our Latest Analysis on HLT
Insider Buying and Selling at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Hilton Worldwide 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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