Vise Technologies Inc. bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,459 shares of the company’s stock, valued at approximately $921,000.
Several other large investors also recently added to or reduced their stakes in HLT. AG2R LA Mondiale Gestion D Actifs purchased a new stake in Hilton Worldwide in the first quarter worth $2,262,000. Malaga Cove Capital LLC purchased a new position in Hilton Worldwide during the first quarter valued at approximately $316,000. Eisler Capital Management Ltd. increased its holdings in shares of Hilton Worldwide by 2,679.0% in the 1st quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock valued at $20,480,000 after acquiring an additional 86,799 shares during the period. DRW Securities LLC bought a new position in Hilton Worldwide in the first quarter worth about $228,000. Finally, Vanguard Group Inc. lifted its position in Hilton Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company’s stock valued at $5,714,938,000 after acquiring an additional 104,802 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
HLT opened at $269.98 on Friday. The firm has a market capitalization of $62.75 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The company’s 50 day simple moving average is $265.53 and its two-hundred day simple moving average is $261.84. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be issued a $0.15 dividend. The ex-dividend date 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 8.68%.
Insider Buying and Selling
In related news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the transaction, the insider owned 79,451 shares in the company, valued at $21,404,099.40. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on HLT. Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. Robert W. Baird decreased their target price on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. TD Cowen reduced their price target on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Barclays upped their price target on shares of Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial upped their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.75.
Get Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company 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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