Bingham Private Wealth LLC raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,719 shares of the company’s stock after buying an additional 77 shares during the quarter. Bingham Private Wealth LLC’s holdings in Hilton Worldwide were worth $724,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company’s stock valued at $5,714,938,000 after acquiring an additional 104,802 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Hilton Worldwide by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock worth $1,100,530,000 after buying an additional 364,307 shares in the last quarter. Jennison Associates LLC raised its position in shares of Hilton Worldwide by 11.3% in the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock valued at $861,132,000 after buying an additional 385,096 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Hilton Worldwide by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock valued at $487,135,000 after buying an additional 494,224 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Hilton Worldwide by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock worth $391,521,000 after acquiring an additional 398,827 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Up 0.6%
Shares of HLT stock opened at $260.04 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.80. The firm’s 50 day moving average price is $268.68 and its two-hundred day moving average price is $252.85. The stock has a market cap of $61.16 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $0.15 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.22%.
Wall Street Analysts Forecast Growth
HLT has been the subject of several analyst reports. Robert W. Baird boosted their price target on Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Truist Financial increased their target price on Hilton Worldwide from $223.00 to $246.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Barclays lowered their price target on Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating for the company in a report on Friday. Macquarie increased their price objective on shares of Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They issued an “overweight” rating and a $282.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.69.
Get Our Latest Research Report on Hilton Worldwide
Insider Activity at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the sale, the insider owned 79,451 shares in the company, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
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.
Read More
- Five stocks we like better than Hilton Worldwide
- How to find penny stocks to invest and tradeĀ
- Eli Lilly Stock Soars on Trump Tariff Hopes and Pfizer Deal
- 3 Ways To Invest In Coffee, Other Than Drinking It
- 3 Exceptional Stocks to Build Long-Term Wealth
- Insider Trades May Not Tell You What You Think
- Insider Sales Jump at Broadcom and CoreWeave: Red Flag Ahead?
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.