Bank of Montreal Can decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 42.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 171,430 shares of the company’s stock after selling 128,425 shares during the period. Bank of Montreal Can’s holdings in Hilton Worldwide were worth $45,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Hilton Worldwide by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company’s stock valued at $5,714,938,000 after purchasing an additional 104,802 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Hilton Worldwide by 8.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after purchasing an additional 364,307 shares during the period. Jennison Associates LLC boosted its stake in Hilton Worldwide by 22.4% in the 2nd quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after purchasing an additional 847,353 shares during the period. Goldman Sachs Group Inc. boosted its stake in Hilton Worldwide by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock valued at $487,135,000 after purchasing an additional 494,224 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Hilton Worldwide by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock valued at $391,521,000 after purchasing an additional 398,827 shares during the period. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $264.59 on Thursday. The stock’s fifty day moving average price is $266.04 and its two-hundred day moving average price is $259.74. The company has a market cap of $61.50 billion, a PE ratio of 38.29, a P/E/G ratio of 2.67 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.80.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio is currently 8.68%.
Insider Transactions at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the sale, the insider owned 79,451 shares of the company’s stock, valued at $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Bank of America increased their price target on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Hilton Worldwide in a research report on Friday, October 31st. Morgan Stanley increased their price target on Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Cowen reissued a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.75.
View Our Latest Analysis on HLT
About Hilton Worldwide
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.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- Stock Splits, Do They Really Impact Investors?
- 3 Cash-Rich Stocks With High Growth Potential Right Now
- Business Services Stocks Investing
- Why Vertical Aerospace Stock Could Double After This Flight Test
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Amazon: Breakout Confirmed—Here’s Where It Could Go Next
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
