Railway Pension Investments Ltd increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 140.1% during the second quarter, Holdings Channel reports. The firm owned 92,200 shares of the company’s stock after acquiring an additional 53,800 shares during the quarter. Railway Pension Investments Ltd’s holdings in Hilton Worldwide were worth $30,468,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $6,271,258,000. Bank of America Corp DE bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth about $1,733,669,000. Norges Bank purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $803,047,000. Jupiter Topco LLC purchased a new position in Hilton Worldwide during the 2nd quarter valued at $663,882,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Hilton Worldwide during the second quarter valued at $437,227,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 1.7%
Shares of HLT stock opened at $316.47 on Tuesday. 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 $71.23 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.73 and a beta of 1.05. The business’s 50 day moving average is $327.41 and its two-hundred day moving average is $322.29.
Hilton Worldwide Announces Dividend
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 $0.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.81%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Evercore raised Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their price target on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Argus raised their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Check Out Our Latest Analysis on Hilton Worldwide
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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