Fulton Bank N.A. Has $477,000 Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fulton Bank N.A. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.7% in the second quarter, Holdings Channel.com reports. The firm owned 2,188 shares of the company’s stock after buying an additional 230 shares during the period. Fulton Bank N.A.’s holdings in Hilton Worldwide were worth $477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $475,073,000. Capital World Investors lifted its stake in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Gray Foundation bought a new stake in shares of Hilton Worldwide in the 4th quarter worth $133,229,000. Finally, Kodai Capital Management LP purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $55,350,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 1.4 %

Shares of Hilton Worldwide stock traded down $2.86 during trading on Wednesday, reaching $204.26. The company’s stock had a trading volume of 1,808,041 shares, compared to its average volume of 1,590,567. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03. The firm’s 50-day moving average is $212.63 and its two-hundred day moving average is $205.84. The company has a market cap of $51.08 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 1.84 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HLT shares. Mizuho cut their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Truist Financial upped their target price on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Macquarie reiterated a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a report on Wednesday, April 24th. Robert W. Baird boosted their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Bank of America raised their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $209.16.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.50% of the company’s stock.

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.