Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,311,212 shares of the company’s stock after purchasing an additional 196,126 shares during the quarter. Vanguard Group Inc. owned approximately 10.76% of Hilton Worldwide worth $6,741,388,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in HLT. Pinnacle Wealth Planning Services Inc. grew its position in shares of Hilton Worldwide by 21.0% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,132 shares of the company’s stock worth $568,000 after acquiring an additional 370 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Hilton Worldwide by 3.9% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,148 shares of the company’s stock worth $838,000 after purchasing an additional 119 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Hilton Worldwide by 4.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 77,817 shares of the company’s stock valued at $20,726,000 after purchasing an additional 3,174 shares during the period. Western Wealth Management LLC raised its holdings in shares of Hilton Worldwide by 10.3% during the second quarter. Western Wealth Management LLC now owns 2,352 shares of the company’s stock valued at $626,000 after buying an additional 219 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Hilton Worldwide by 34.9% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,624 shares of the company’s stock worth $432,000 after buying an additional 420 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Up 0.8%
Shares of NYSE HLT opened at $268.08 on Wednesday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80. The firm has a 50-day moving average of $265.11 and a two-hundred day moving average of $263.10. The company has a market capitalization of $62.31 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.74 and a beta of 1.20.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders 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 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Insider Activity
In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider directly owned 79,451 shares in the company, valued at $21,404,099.40. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Evercore ISI lifted their target price on Hilton Worldwide from $270.00 to $280.00 and gave the company an “in-line” rating in a research note on Tuesday, October 14th. Sanford C. Bernstein upped their price objective on shares of Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a report on Tuesday, September 16th. Robert W. Baird lowered their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Susquehanna upped their price target on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $283.50.
View Our Latest Report on Hilton Worldwide
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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