Cozad Asset Management Inc. grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 24.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,090 shares of the company’s stock after purchasing an additional 2,580 shares during the period. Cozad Asset Management Inc.’s holdings in Hilton Worldwide were worth $3,486,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Clearstead Trust LLC bought a new position in Hilton Worldwide in the 2nd quarter worth approximately $30,000. Bank of Jackson Hole Trust boosted its position in Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after acquiring an additional 73 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Hilton Worldwide by 59.8% in the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hilton Worldwide during the second quarter valued at $39,000. Finally, LRI Investments LLC raised its stake in shares of Hilton Worldwide by 84.1% during the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock valued at $40,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE:HLT opened at $274.57 on Friday. The stock has a market capitalization of $63.82 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.72 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The company has a 50 day moving average price of $264.69 and a 200 day moving average price of $263.38.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on HLT shares. Morgan Stanley increased their target price on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Sanford C. Bernstein dropped their target price on Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a report on Wednesday. TD Cowen decreased their price target on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 17th. Finally, Raymond James Financial lifted their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.31.
Read Our Latest Analysis on Hilton Worldwide
About Hilton Worldwide
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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