Two Sigma Securities LLC purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 14,450 shares of the company’s stock, valued at approximately $4,775,000.
A number of other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hilton Worldwide by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 200,598 shares of the company’s stock worth $66,290,000 after purchasing an additional 4,700 shares during the period. Meiji Yasuda Life Insurance Co increased its holdings in Hilton Worldwide by 1.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,560 shares of the company’s stock valued at $1,176,000 after purchasing an additional 40 shares during the period. Hennessy Advisors Inc. bought a new position in Hilton Worldwide during the 2nd quarter valued at approximately $2,601,000. New Mexico Educational Retirement Board raised its position in Hilton Worldwide by 6.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,400 shares of the company’s stock valued at $3,767,000 after purchasing an additional 700 shares during the last quarter. Finally, Mufg Securities Americas Inc. lifted its holdings in Hilton Worldwide by 8.1% in the 2nd quarter. Mufg Securities Americas Inc. now owns 6,857 shares of the company’s stock worth $2,266,000 after buying an additional 512 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
NYSE HLT opened at $322.20 on Monday. The firm has a market capitalization of $72.52 billion, a PE ratio of 47.31, a P/E/G ratio of 2.73 and a beta of 1.05. The stock’s 50 day moving average is $327.95 and its 200 day moving average is $322.35. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HLT shares. Sanford C. Bernstein reduced their target price on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Susquehanna cut their price target on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. CICC Research began coverage on shares of Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $353.82.
View Our Latest Stock Analysis on HLT
About Hilton Worldwide
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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