Hennessy Advisors Inc. bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,871 shares of the company’s stock, valued at approximately $2,601,000.
Other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in Hilton Worldwide during the 2nd quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth about $26,000. Trust Co. of Vermont bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC lifted 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 purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
Shares of NYSE HLT opened at $322.20 on Monday. The firm’s 50-day moving average price is $327.95 and its two-hundred day moving average price is $322.35. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The stock has a market capitalization of $72.52 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.73 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Susquehanna decreased their target price on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Morgan Stanley boosted their price target on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday, July 17th. CICC Research assumed coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company raised their price objective on Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.82.
Check Out Our Latest Analysis on Hilton Worldwide
About Hilton Worldwide
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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