Ensign Peak Advisors Inc increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,844 shares of the company’s stock after acquiring an additional 9,492 shares during the period. Ensign Peak Advisors Inc’s holdings in Hilton Worldwide were worth $22,864,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of HLT. Clearstead Trust LLC purchased a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $30,000. Bank of Jackson Hole Trust raised its holdings in Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after buying an additional 73 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after buying an additional 52 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hilton Worldwide in the 2nd quarter worth $39,000. Finally, LRI Investments LLC increased its position in shares of Hilton Worldwide by 84.1% in the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock valued at $40,000 after acquiring an additional 69 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
NYSE:HLT opened at $274.57 on Friday. The firm’s 50-day moving average price is $264.69 and its 200-day moving average price is $263.38. The company has a market capitalization of $63.82 billion, a PE ratio of 39.74, a P/E/G ratio of 2.72 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80.
Hilton Worldwide Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.68%.
Analysts Set New Price Targets
HLT has been the subject of a number of analyst reports. Susquehanna increased their target price on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Raymond James Financial upped their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein cut their price objective on Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a report on Thursday. Finally, Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.31.
Read Our Latest Stock Analysis on HLT
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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