Fund Advisors of America Inc FL purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,273 shares of the company’s stock, valued at approximately $751,000.
Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Allstate Corp lifted its stake in Hilton Worldwide by 100.2% during the fourth quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after purchasing an additional 8,348 shares during the period. Cumberland Partners Ltd grew its stake in shares of Hilton Worldwide by 100.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock valued at $4,309,000 after purchasing an additional 7,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Hilton Worldwide by 4.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock worth $143,944,000 after buying an additional 22,249 shares in the last quarter. Applied Finance Capital Management LLC raised its holdings in shares of Hilton Worldwide by 96.7% in the 4th quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock worth $2,954,000 after buying an additional 5,055 shares in the last quarter. Finally, Amundi lifted its position in shares of Hilton Worldwide by 4.0% during the 1st quarter. Amundi now owns 1,338,426 shares of the company’s stock worth $406,989,000 after buying an additional 51,767 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
NYSE HLT opened at $326.76 on Friday. The stock’s 50 day simple moving average is $330.05 and its 200 day simple moving average is $321.58. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The firm has a market cap of $73.54 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
Several analysts recently commented on HLT shares. Morgan Stanley boosted their price target on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. UBS Group reissued a “buy” rating and set a $363.00 price objective on shares of Hilton Worldwide in a report on Friday, August 14th. CICC Research assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. Macquarie Infrastructure upped their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $353.82.
View Our Latest 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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