Hsbc Holdings PLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 474,502 shares of the company’s stock after selling 43,288 shares during the period. Hsbc Holdings PLC owned 0.20% of Hilton Worldwide worth $126,205,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of HLT. Northwestern Mutual Wealth Management Co. raised its holdings in Hilton Worldwide by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187,491 shares of the company’s stock worth $49,936,000 after purchasing an additional 7,831 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in Hilton Worldwide by 1.8% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,996,049 shares of the company’s stock worth $531,628,000 after buying an additional 34,617 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Hilton Worldwide by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 233,271 shares of the company’s stock worth $62,129,000 after buying an additional 2,710 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Hilton Worldwide in the second quarter worth about $60,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Hilton Worldwide by 7.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,449 shares of the company’s stock valued at $1,718,000 after buying an additional 458 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 $285.04 on Friday. The company has a market cap of $66.25 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.94 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $287.39. The firm’s fifty day moving average is $266.08 and its two-hundred day moving average is $264.75.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders 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 payout ratio is presently 8.68%.
Analyst Upgrades and Downgrades
HLT has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein dropped their price target on shares of Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating for the company in a research report on Wednesday, November 19th. Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. The Goldman Sachs Group lifted their target price on shares of Hilton Worldwide from $274.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, TD Cowen cut 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.31.
Read 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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