United Asset Strategies Inc. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,236 shares of the company’s stock, valued at approximately $840,000.
Other large investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after buying an additional 465 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of Hilton Worldwide by 21.8% in the first quarter. Ashton Thomas Private Wealth LLC now owns 4,591 shares of the company’s stock valued at $1,045,000 after acquiring an additional 823 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Hilton Worldwide in the first quarter valued at about $292,000. Empowered Funds LLC increased its position in Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,669 shares during the period. Finally, Woodline Partners LP raised its stake in Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after purchasing an additional 5,687 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $298.10 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $298.86. The stock has a market capitalization of $69.29 billion, a price-to-earnings ratio of 43.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The company’s 50 day simple moving average is $279.65 and its 200 day simple moving average is $271.93.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, November 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 21st. Hilton Worldwide’s payout ratio is currently 8.68%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. TD Cowen decreased their target price on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Wells Fargo & Company started coverage on Hilton Worldwide in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $332.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. Robert W. Baird dropped their price objective on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Finally, The Goldman Sachs Group raised Hilton Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $285.00 to $317.00 in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $286.50.
Get Our Latest Stock Analysis on Hilton Worldwide
Hilton Worldwide 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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