Quantbot Technologies LP purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 50,038 shares of the company’s stock, valued at approximately $16,536,000. Hilton Worldwide comprises 0.7% of Quantbot Technologies LP’s portfolio, making the stock its 5th largest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Hilton Worldwide in the second quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in Hilton Worldwide during the second quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter worth $26,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of Hilton Worldwide by 1,128.6% during the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 79 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Down 0.9%
Shares of Hilton Worldwide stock opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.77 and a beta of 1.05. The company has a 50 day moving average of $330.05 and a 200 day moving average of $321.58.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is 8.81%.
Analyst Ratings Changes
HLT has been the topic of several research analyst reports. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Morgan Stanley lifted their target price on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. HSBC raised their price objective on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Get Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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