Elevation Point Wealth Partners LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,292 shares of the company’s stock, valued at approximately $4,392,000.
Other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in shares of Hilton Worldwide in the second quarter valued at approximately $26,000. Trust Co. of Vermont bought a new position in shares of Hilton Worldwide during the second quarter worth approximately $26,000. Elevation Wealth Partners LLC lifted its holdings in Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Hilton Worldwide in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.9%
HLT stock opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The business has a 50-day simple moving average of $330.05 and a 200 day simple moving average of $321.58. The company has a market cap of $73.54 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.
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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on HLT. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Robert W. Baird raised their price target on shares of Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Macquarie Infrastructure increased their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays raised their target price on shares of Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Get Our Latest Research Report on Hilton Worldwide
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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