Focus Partners Advisor Solutions LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,672 shares of the company’s stock, valued at approximately $1,874,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted 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 valued at $1,852,650,000 after buying an additional 31,364 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Hilton Worldwide by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after buying an additional 284,352 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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 valued at $1,808,235,000 after acquiring an additional 40,343 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $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 acquiring an additional 55,228 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Trading Up 2.0%
Shares of HLT opened at $327.24 on Friday. The stock’s 50-day moving average price is $331.32 and its two-hundred day moving average price is $320.47. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00. The company has a market capitalization of $73.65 billion, a PE ratio of 48.05, a PEG ratio of 2.78 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price for the company in a research report on Wednesday. Mizuho boosted their price target on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Rothschild & Co Redburn upped their price objective on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, HSBC boosted their target price on shares of Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.82.
Get Our Latest Research Report on Hilton Worldwide
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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