Empowered Funds LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 30,684 shares of the company’s stock, valued at approximately $10,140,000.
Several other large investors have also bought and sold shares of the stock. CYBER HORNET ETFs LLC boosted its holdings in Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after acquiring an additional 32 shares during the last quarter. Waddell & Associates LLC raised its holdings in shares of Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after purchasing an additional 32 shares during the last quarter. Eaton Financial Holdings Company LLC lifted its position in shares of Hilton Worldwide by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after purchasing an additional 34 shares in the last quarter. L2 Asset Management LLC boosted its holdings in Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after purchasing an additional 38 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after purchasing an additional 39 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Down 1.1%
Shares of HLT stock opened at $322.20 on Friday. The company has a 50 day moving average of $327.95 and a 200-day moving average of $322.29. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The firm has a market cap of $72.52 billion, a P/E ratio of 47.31, a PEG ratio of 2.73 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analysts Forecast Growth
HLT has been the subject of several analyst reports. Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Susquehanna decreased their price target on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Robert W. Baird lifted their price target on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Argus raised their target price on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.82.
View Our Latest 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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