Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,591 shares of the company’s stock after selling 3,062 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hilton Worldwide were worth $28,123,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of HLT. Bank of Jackson Hole Trust lifted its stake in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after acquiring an additional 73 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Hilton Worldwide by 59.8% during the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after purchasing an additional 52 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hilton Worldwide during the second quarter worth approximately $39,000. LRI Investments LLC grew its position in Hilton Worldwide by 84.1% in the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after buying an additional 69 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Hilton Worldwide by 35.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock valued at $58,000 after acquiring an additional 56 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Down 1.8%
NYSE:HLT opened at $269.98 on Friday. The firm has a market capitalization of $62.75 billion, a PE ratio of 39.07, a PEG ratio of 2.83 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80. The firm’s fifty day simple moving average is $265.53 and its 200 day simple moving average is $261.84.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 21st will be given 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, November 21st. Hilton Worldwide’s dividend payout ratio is currently 8.68%.
Insider Activity
In related news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the transaction, the insider 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
HLT has been the subject of a number of recent analyst reports. Raymond James Financial increased their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $311.00 to $312.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Evercore ISI raised their target price on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Robert W. Baird decreased their price objective on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Finally, Sanford C. Bernstein raised their price target on shares of Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.75.
Get Our Latest Research Report on Hilton Worldwide
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.
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