Engineers Gate Manager LP boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4,286.3% in the second quarter, Holdings Channel reports. The firm owned 32,546 shares of the company’s stock after purchasing an additional 31,804 shares during the period. Engineers Gate Manager LP’s holdings in Hilton Worldwide were worth $10,755,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide in the second quarter worth $25,000. IMG Wealth Management Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $26,000. Trust Co. of Vermont acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC increased its position in shares of Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after buying an additional 79 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Hilton Worldwide during the 4th quarter worth $26,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.3%
Hilton Worldwide stock opened at $306.06 on Friday. The company has a market capitalization of $68.89 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.48 and a beta of 1.05. The stock’s 50 day moving average is $323.00 and its 200-day moving average is $321.88. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.81%.
Analysts Set New Price Targets
HLT has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Wolfe Research began coverage on Hilton Worldwide in a research report on Wednesday, September 2nd. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings lowered Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, UBS Group reissued a “buy” rating and set a $363.00 target price on shares of Hilton Worldwide in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $354.00.
Check Out Our Latest Report on HLT
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a global hospitality company that owns, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of market segments, from luxury and full-service properties to focused-service, extended-stay and lifestyle accommodations.
The company’s brands include Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, LXR Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Homewood Suites, Home2 Suites, Tru by Hilton, Canopy by Hilton, Curio Collection and Motto by Hilton.
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