Vise Technologies Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,221 shares of the company’s stock, valued at approximately $2,056,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the second quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Hilton Worldwide in the 2nd quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in shares of Hilton Worldwide in the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. Finally, Elevation Wealth Partners LLC increased its holdings in Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 0.9%
Hilton Worldwide stock opened at $326.76 on Friday. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.79 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The stock’s fifty day simple moving average is $330.05 and its 200-day simple moving average is $321.58.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analysts Forecast Growth
HLT has been the topic of a number of research reports. Mizuho upped their price target on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price on the stock in a research note on Wednesday, August 12th. UBS Group reaffirmed a “buy” rating and issued a $363.00 target price on shares of Hilton Worldwide in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.82.
Read Our Latest Analysis on HLT
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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