Cumberland Partners Ltd lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 72.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock after selling 13,010 shares during the quarter. Cumberland Partners Ltd’s holdings in Hilton Worldwide were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Hilton Worldwide by 9.8% during the 1st quarter. IFP Advisors Inc now owns 1,783 shares of the company’s stock valued at $406,000 after purchasing an additional 159 shares during the period. GW&K Investment Management LLC increased its stake in Hilton Worldwide by 111.3% in the 1st quarter. GW&K Investment Management LLC now owns 336 shares of the company’s stock worth $76,000 after buying an additional 177 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Hilton Worldwide by 8.1% during the first quarter. Proficio Capital Partners LLC now owns 1,135 shares of the company’s stock valued at $258,000 after acquiring an additional 85 shares during the period. Oak Thistle LLC boosted its stake in shares of Hilton Worldwide by 700.7% in the first quarter. Oak Thistle LLC now owns 18,905 shares of the company’s stock worth $4,302,000 after acquiring an additional 16,544 shares during the period. Finally, Machina Capital S.A.S. purchased a new stake in shares of Hilton Worldwide during the first quarter worth about $976,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $267.06 on Thursday. The stock’s fifty day moving average is $264.99 and its 200 day moving average is $263.13. The firm has a market capitalization of $62.07 billion, a PE ratio of 38.65, a PEG ratio of 2.76 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s payout ratio is 8.68%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on HLT shares. The Goldman Sachs Group boosted their target price on shares of Hilton Worldwide from $274.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hilton Worldwide in a report on Friday, October 31st. Wells Fargo & Company initiated coverage on Hilton Worldwide in a research note on Tuesday. They set an “overweight” rating and a $332.00 price target for the company. Barclays lifted their price objective on Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $283.31.
Read Our Latest Research 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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