Nicholas Company Inc. acquired 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 SEC. The fund acquired 39,985 shares of the company’s stock, valued at approximately $10,650,000. 
A number of other institutional investors have also recently bought and sold shares of HLT. Keybank National Association OH lifted its holdings in shares of Hilton Worldwide by 0.8% during the 1st quarter. Keybank National Association OH now owns 14,374 shares of the company’s stock worth $3,271,000 after acquiring an additional 117 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Hilton Worldwide by 9.3% during the 1st quarter. First Horizon Advisors Inc. now owns 1,439 shares of the company’s stock worth $327,000 after acquiring an additional 123 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Hilton Worldwide by 223.1% during the 1st quarter. Teacher Retirement System of Texas now owns 46,959 shares of the company’s stock worth $10,686,000 after acquiring an additional 32,424 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Hilton Worldwide by 11.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 908 shares of the company’s stock worth $207,000 after acquiring an additional 94 shares during the period. Finally, Conning Inc. lifted its holdings in shares of Hilton Worldwide by 36.1% during the 1st quarter. Conning Inc. now owns 1,387 shares of the company’s stock worth $316,000 after acquiring an additional 368 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $257.06 on Friday. The company has a 50 day simple moving average of $266.93 and a 200 day simple moving average of $258.69. The stock has a market cap of $59.75 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.65 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio is 8.68%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 79,451 shares in the company, valued at approximately $21,404,099.40. This represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on HLT. Morgan Stanley upped their price target on shares of Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped their price target 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. Bank of America upped their price target on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Evercore ISI upped their price objective on shares of Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Finally, Susquehanna upped their price objective on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average price target of $277.75.
Check Out Our Latest Stock Report on Hilton Worldwide
About Hilton Worldwide
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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