Canada Pension Plan Investment Board purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,569 shares of the company’s stock, valued at approximately $21,337,000.
Other large investors have also recently modified their holdings of the company. Nicholas Investment Partners LP purchased a new position in shares of Hilton Worldwide during the second quarter worth about $2,374,000. Eschler Asset Management LLP purchased a new stake in Hilton Worldwide in the second quarter valued at approximately $1,440,000. Kinloch Capital LLC bought a new stake in Hilton Worldwide during the second quarter valued at approximately $231,000. Camrose Capital Investment Partners LLP purchased a new position in Hilton Worldwide in the 2nd quarter worth approximately $106,970,000. Finally, Legal & General Group Plc bought a new position in shares of Hilton Worldwide in the 2nd quarter worth $389,475,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
HLT stock opened at $322.20 on Friday. The firm has a market cap of $72.52 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.76 and a beta of 1.05. The firm’s fifty day moving average is $327.95 and its 200 day moving average is $322.29. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Analyst Ratings Changes
Several analysts have recently weighed in on HLT shares. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. UBS Group reissued a “buy” rating and issued a $363.00 target price on shares of Hilton Worldwide in a research note on Friday, August 14th. Evercore upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, CICC Research started coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.82.
Check Out Our Latest Report on HLT
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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