EFG International AG bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,234 shares of the company’s stock, valued at approximately $12,638,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. Allstate Corp increased its holdings in shares of Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock valued at $4,791,000 after purchasing an additional 8,348 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after buying an additional 7,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Hilton Worldwide by 4.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock valued at $143,944,000 after buying an additional 22,249 shares during the period. Amundi increased its holdings in Hilton Worldwide by 4.0% in the first quarter. Amundi now owns 1,338,426 shares of the company’s stock valued at $406,989,000 after buying an additional 51,767 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its holdings in Hilton Worldwide by 96.7% in the fourth quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock valued at $2,954,000 after buying an additional 5,055 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $329.72 on Wednesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00. The company has a 50 day moving average price of $329.30 and a 200 day moving average price of $322.04. The stock has a market capitalization of $74.21 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HLT. HSBC increased their target price on shares of Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating and issued a $363.00 price target on shares of Hilton Worldwide in a report on Friday, August 14th. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Barclays lifted their price objective on Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Mizuho lifted their price target on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. One 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’s stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Stock Report on HLT
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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