Hancock Whitney Corp trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 15.7% during the first quarter, Holdings Channel.com reports. The fund owned 8,513 shares of the company’s stock after selling 1,583 shares during the quarter. Hancock Whitney Corp’s holdings in Hilton Worldwide were worth $1,937,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its position in Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock worth $38,000 after buying an additional 74 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock valued at $40,000 after buying an additional 76 shares in the last quarter. Valley National Advisers Inc. raised its position in Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock valued at $45,000 after purchasing an additional 142 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Hilton Worldwide during the 1st quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Hilton Worldwide during the 1st quarter valued at approximately $61,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.1%
HLT opened at $278.01 on Friday. The company has a market cap of $65.38 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 2.71 and a beta of 1.21. The company’s fifty day moving average price is $270.97 and its two-hundred day moving average price is $249.93. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.73.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 9.22%.
Analysts Set New Price Targets
Several research firms recently weighed in on HLT. Raymond James Financial raised their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Truist Financial increased their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Bank of America lifted their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Robert W. Baird lifted their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Macquarie upped their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $264.40.
Get Our Latest Stock Report on Hilton Worldwide
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the sale, the insider owned 79,451 shares in the company, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% 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.
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