Pallas Capital Advisors LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,533 shares of the company’s stock, valued at approximately $1,498,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Hilton Worldwide by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Hilton Worldwide by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after acquiring an additional 284,352 shares in the last quarter. Bank of America Corp DE increased its stake in Hilton Worldwide by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after purchasing an additional 40,343 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after acquiring an additional 475,896 shares in the last quarter. Finally, Morgan Stanley grew its position in Hilton Worldwide by 2.0% during the 4th quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock worth $811,089,000 after purchasing an additional 55,228 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.1%
Shares of HLT opened at $326.88 on Tuesday. The stock has a market cap of $73.57 billion, a PE ratio of 48.00, a PEG ratio of 2.78 and a beta of 1.05. The stock has a 50 day simple moving average of $331.05 and a 200-day simple moving average of $320.86. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given a $0.15 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is presently 8.81%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. TD Cowen upped their target price on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Macquarie Infrastructure raised their target price on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. UBS Group restated a “buy” rating and set a $363.00 target price on shares of Hilton Worldwide in a research note on Friday. Finally, Weiss Ratings downgraded shares of Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $353.82.
Check Out Our Latest Stock Analysis on HLT
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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