Creative Planning raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.9% in the second quarter, Holdings Channel reports. The firm owned 42,322 shares of the company’s stock after purchasing an additional 1,986 shares during the period. Creative Planning’s holdings in Hilton Worldwide were worth $11,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Hilton Worldwide in the 1st quarter worth approximately $2,262,000. Malaga Cove Capital LLC bought a new stake in shares of Hilton Worldwide in the first quarter valued at $316,000. Eisler Capital Management Ltd. raised its stake in shares of Hilton Worldwide by 2,679.0% in the first quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock valued at $20,480,000 after buying an additional 86,799 shares during the period. Carolina Wealth Advisors LLC grew its stake in shares of Hilton Worldwide by 31.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock worth $1,323,000 after acquiring an additional 1,196 shares during the period. Finally, DRW Securities LLC purchased a new stake in Hilton Worldwide in the 1st quarter worth about $228,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Up 0.8%
Shares of NYSE:HLT opened at $268.08 on Wednesday. The company has a 50 day moving average of $265.11 and a 200 day moving average of $263.10. The stock has a market cap of $62.31 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.74 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.80.
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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s payout ratio is presently 8.68%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. TD Cowen cut their target price on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Robert W. Baird dropped their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. Macquarie increased their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their price target on Hilton Worldwide from $274.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.50.
Check Out Our Latest Stock Analysis on Hilton Worldwide
Insiders Place Their Bets
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the sale, the insider owned 79,451 shares of the company’s stock, valued at $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is owned by corporate insiders.
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.
See Also
- Five stocks we like better than Hilton Worldwide
- What Does Downgrade Mean in Investing?
- What’s on the Thanksgiving Table? A Stock Pick for Every Course
- Best Stocks Under $10.00
- Why Home Depot’s Pain Could Be a Long-Term Investor’s Gain
- Growth Stocks: What They Are, Examples and How to Invest
- Qualcomm’s Bulls Are Running Out of Room to Be Wrong
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
