Vega Investment Solutions bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 2,212 shares of the company’s stock, valued at approximately $731,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC raised its holdings in Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after buying an additional 32 shares during the period. Waddell & Associates LLC increased its position in shares of Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after acquiring an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC raised its holdings in shares of Hilton Worldwide by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after acquiring an additional 34 shares during the period. Quent Capital LLC raised its holdings in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after acquiring an additional 37 shares during the period. Finally, L2 Asset Management LLC lifted its position in shares of Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $330.20 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The firm has a market cap of $74.32 billion, a PE ratio of 48.49, a P/E/G ratio of 2.77 and a beta of 1.05. The firm’s 50 day moving average price is $329.72 and its two-hundred day moving average price is $321.90.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Barclays increased their target price on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group increased their price objective on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Analysis 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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