 Ashton Thomas Private Wealth LLC cut its stake in  Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 4,532 shares of the company’s stock after selling 59 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Hilton Worldwide were worth $1,207,000 at the end of the most recent reporting period.
Ashton Thomas Private Wealth LLC cut its stake in  Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 4,532 shares of the company’s stock after selling 59 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Hilton Worldwide were worth $1,207,000 at the end of the most recent reporting period. 
A number of other hedge funds also recently added to or reduced their stakes in the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Hilton Worldwide during the 1st quarter worth approximately $2,262,000. Massachusetts Financial Services Co. MA grew its stake in Hilton Worldwide by 8.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock worth $1,100,530,000 after acquiring an additional 364,307 shares during the period. Malaga Cove Capital LLC purchased a new stake in Hilton Worldwide in the 1st quarter worth approximately $316,000. Eisler Capital Management Ltd. grew its stake in Hilton Worldwide by 2,679.0% in the 1st quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock worth $20,480,000 after acquiring an additional 86,799 shares during the period. Finally, Pelham Capital Ltd. grew its stake in Hilton Worldwide by 6.1% in the 1st quarter. Pelham Capital Ltd. now owns 125,975 shares of the company’s stock worth $28,666,000 after acquiring an additional 7,248 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Down 0.4%
Shares of NYSE HLT opened at $259.95 on Thursday. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.80. The firm has a fifty day moving average of $267.52 and a 200-day moving average of $258.02. The stock has a market capitalization of $60.42 billion, a PE ratio of 37.62, a P/E/G ratio of 2.68 and a beta of 1.19.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is presently 8.68%.
Analyst Ratings Changes
Several research firms have commented on HLT. Raymond James Financial lifted their target price on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their target price on shares of Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 16th. Evercore ISI lifted their target price on shares of Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.75.
Read Our Latest Stock Report on HLT
Insider Buying and Selling at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction 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 transaction, the insider owned 79,451 shares in the company, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.
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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