Global Retirement Partners LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,648 shares of the company’s stock, valued at approximately $1,504,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Hilton Worldwide during the first quarter worth approximately $2,262,000. Malaga Cove Capital LLC acquired a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $316,000. Eisler Capital Management Ltd. grew its position in Hilton Worldwide by 2,679.0% during the 1st quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock worth $20,480,000 after acquiring an additional 86,799 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in Hilton Worldwide by 31.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock valued at $1,323,000 after purchasing an additional 1,196 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Hilton Worldwide in the first quarter worth $228,000. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $285.87 on Thursday. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 2.93 and a beta of 1.20. The company has a 50 day moving average of $265.36 and a 200-day moving average of $264.38. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $287.31.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is 8.68%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on HLT. Jefferies Financial Group raised their target price on Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a research note on Friday, October 17th. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $274.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Barclays upped their target price on shares of Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Susquehanna raised their price target on shares of Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Evercore ISI upped their price objective on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $283.31.
View Our Latest Stock Report on HLT
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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