EP Wealth Advisors LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 4,575 shares of the company’s stock, valued at approximately $1,512,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of HLT. BlackRock Inc. bought a new position in Hilton Worldwide during the second quarter valued at about $6,271,258,000. Norges Bank bought a new stake in Hilton Worldwide in the fourth quarter worth about $803,047,000. Bank of New York Mellon Corp acquired a new stake in Hilton Worldwide in the 2nd quarter valued at about $437,227,000. Deutsche Bank AG acquired a new stake in Hilton Worldwide in the 2nd quarter valued at about $272,861,000. Finally, Two Sigma Investments LP boosted its position in shares of Hilton Worldwide by 1,222.9% during the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after purchasing an additional 758,930 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE HLT opened at $326.76 on Monday. The firm’s 50 day moving average price is $330.05 and its two-hundred day moving average price is $321.72. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $358.00. The stock has a market cap of $73.54 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be issued a $0.15 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Analyst Ratings Changes
HLT has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective for the company in a research report on Wednesday, August 12th. China Intl Cap raised Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Rothschild & Co Redburn boosted their target price on Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Bank of America upped their target price on Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Check Out Our Latest Report on Hilton Worldwide
Hilton Worldwide Company Profile
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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