Meitav Investment House Ltd. increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,196 shares of the company’s stock after buying an additional 49 shares during the quarter. Meitav Investment House Ltd.’s holdings in Hilton Worldwide were worth $585,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of HLT. NBC Securities Inc. bought a new position in shares of Hilton Worldwide in the first quarter worth about $90,000. Sivia Capital Partners LLC acquired a new position in Hilton Worldwide during the 1st quarter worth approximately $208,000. UMB Bank n.a. lifted its stake in Hilton Worldwide by 21.2% in the 1st quarter. UMB Bank n.a. now owns 1,339 shares of the company’s stock valued at $305,000 after purchasing an additional 234 shares during the last quarter. OLD National Bancorp IN boosted its position in Hilton Worldwide by 15.5% in the first quarter. OLD National Bancorp IN now owns 2,199 shares of the company’s stock valued at $500,000 after buying an additional 295 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Hilton Worldwide by 6.3% during the first quarter. Park Avenue Securities LLC now owns 7,060 shares of the company’s stock worth $1,607,000 after buying an additional 421 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $258.46 on Wednesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.80. The company has a 50 day simple moving average of $268.39 and a two-hundred day simple moving average of $252.89. The company has a market capitalization of $60.79 billion, a PE ratio of 39.70, a P/E/G ratio of 2.56 and a beta of 1.19.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Hilton Worldwide’s payout ratio is currently 9.22%.
Insider Activity at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
HLT has been the topic of several recent research reports. Macquarie raised their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a research note on Saturday, September 27th. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a report on Monday, June 23rd. They set an “overweight” rating and a $282.00 price target on the stock. Truist Financial raised their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Finally, Bank of America upped their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $265.69.
Read Our Latest Report on Hilton Worldwide
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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