Thrivent Financial for Lutherans lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 159,217 shares of the company’s stock after selling 4,255 shares during the period. Thrivent Financial for Lutherans’ holdings in Hilton Worldwide were worth $42,406,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Hilton Worldwide during the second quarter valued at approximately $3,240,000. B. Riley Wealth Advisors Inc. bought a new position in Hilton Worldwide during the 2nd quarter valued at $253,000. State of Wyoming boosted its holdings in Hilton Worldwide by 2.7% during the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock worth $413,000 after acquiring an additional 40 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Hilton Worldwide by 26.1% in the second quarter. Geneos Wealth Management Inc. now owns 420 shares of the company’s stock valued at $112,000 after purchasing an additional 87 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Hilton Worldwide during the second quarter valued at about $221,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 2.0%
Shares of NYSE HLT opened at $285.98 on Tuesday. The stock has a fifty day simple moving average of $269.50 and a two-hundred day simple moving average of $266.94. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $287.39. The firm has a market cap of $66.47 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 2.89 and a beta of 1.15.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on HLT shares. Truist Financial upped their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group upped their target price on Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a report on Friday, October 17th. Robert W. Baird dropped their price target on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. TD Cowen cut their price objective on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Finally, Barclays raised their target price on Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.31.
Check Out 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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