Northwestern Mutual Wealth Management Co. purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 200,598 shares of the company’s stock, valued at approximately $66,290,000.
A number of other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC lifted its stake in shares of Hilton Worldwide by 4.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after purchasing an additional 32 shares during the period. Waddell & Associates LLC grew its stake in shares of Hilton Worldwide by 1.8% during the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after purchasing an additional 32 shares during the period. Eaton Financial Holdings Company LLC lifted its stake in Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after buying an additional 34 shares during the period. Quent Capital LLC boosted its holdings in Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC grew its position in shares of Hilton Worldwide by 3.6% during the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.9%
Shares of HLT stock opened at $326.76 on Friday. The firm’s fifty day moving average price is $330.05 and its two-hundred day moving average price is $321.58. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analysts Forecast Growth
HLT has been the topic of a number of analyst reports. CICC Research began coverage on shares of Hilton Worldwide in a research report on Wednesday, August 12th. They issued an “outperform” rating on the stock. Argus boosted their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a report on Monday, June 15th. Truist Financial raised their price objective on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. HSBC boosted their target price on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $353.82.
View Our Latest Research Report 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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