Varma Mutual Pension Insurance Co acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,870 shares of the company’s stock, valued at approximately $16,150,000.
Several other large investors have also recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide in the second quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new position in Hilton Worldwide in the second quarter valued at approximately $26,000. Elevation Wealth Partners LLC raised its holdings in 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 purchasing an additional 79 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
NYSE HLT opened at $326.76 on Friday. The business has a 50 day moving average price of $330.05 and a 200 day moving average price of $321.58. The company has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Susquehanna cut their price target on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective on the stock in a report on Wednesday, August 12th. Sanford C. Bernstein reduced their target price on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Argus raised their price target on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Truist Financial lifted their price target on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.82.
Check Out Our Latest Stock Analysis on Hilton Worldwide
Hilton Worldwide 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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