Drystone LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,031 shares of the company’s stock after selling 2,900 shares during the quarter. Hilton Worldwide accounts for 7.1% of Drystone LLC’s investment portfolio, making the stock its 5th biggest holding. Drystone LLC’s holdings in Hilton Worldwide were worth $8,602,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of HLT. CYBER HORNET ETFs LLC lifted its stake in Hilton Worldwide by 4.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after acquiring an additional 32 shares in the last quarter. Waddell & Associates LLC grew its stake in Hilton Worldwide by 1.8% during the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after acquiring an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC grew its stake in Hilton Worldwide by 1.2% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after acquiring an additional 34 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of Hilton Worldwide by 2.2% in the 2nd quarter. Nilsine Partners LLC now owns 1,776 shares of the company’s stock valued at $587,000 after purchasing an additional 38 shares during the period. Finally, L2 Asset Management LLC boosted its holdings in shares of Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 1.1%
Hilton Worldwide stock opened at $310.97 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The firm’s fifty day simple moving average is $325.13 and its 200-day simple moving average is $322.05. The company has a market capitalization of $69.99 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.51 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid 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, August 21st. Hilton Worldwide’s dividend payout ratio is 8.81%.
Analysts Set New Price Targets
Several research analysts have weighed in on HLT shares. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Barclays increased their price objective on Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group restated a “buy” rating and issued a $363.00 target price on shares of Hilton Worldwide in a research note on Friday, August 14th. Robert W. Baird upped their target price on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein cut their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.82.
Get Our Latest Research Report on HLT
About Hilton Worldwide
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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