Fund Advisors of America Inc FL purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,273 shares of the company’s stock, valued at approximately $751,000.
Several other institutional investors have also recently bought and sold shares of HLT. CYBER HORNET ETFs LLC lifted its holdings in Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after buying an additional 32 shares in the last quarter. Waddell & Associates LLC increased its stake in shares of Hilton Worldwide by 1.8% in the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after buying an additional 32 shares during the period. Eaton Financial Holdings Company LLC increased its stake in shares of Hilton Worldwide by 1.2% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after buying an additional 34 shares during the period. Quent Capital LLC raised its position in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after acquiring an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC lifted its stake 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 valued at $281,000 after acquiring an additional 38 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.9%
NYSE:HLT opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The stock’s fifty day simple moving average is $330.05 and its 200-day simple moving average is $321.58. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.79 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be given 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 is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Argus raised their price target on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a report on Monday, June 15th. Morgan Stanley boosted their price objective on Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. CICC Research initiated coverage on shares of Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised their target price on shares of Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Macquarie Infrastructure boosted their price target on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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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