Empowered Funds LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,684 shares of the company’s stock, valued at approximately $10,140,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. BlackRock Inc. acquired a new stake in Hilton Worldwide during the 2nd quarter worth approximately $6,271,258,000. Bank of America Corp DE bought a new position in shares of Hilton Worldwide during the second quarter valued at $1,733,669,000. Norges Bank acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $803,047,000. Jupiter Topco LLC acquired a new position in shares of Hilton Worldwide during the second quarter worth $663,882,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Hilton Worldwide in the second quarter worth $437,227,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
NYSE HLT opened at $322.20 on Friday. The stock has a market capitalization of $72.52 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.73 and a beta of 1.05. The business has a 50 day simple moving average of $327.95 and a 200 day simple moving average of $322.29. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analysts Set New Price Targets
Several research analysts have commented on HLT shares. Susquehanna cut their target price on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. CICC Research assumed coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They set an “outperform” rating for the company. Argus lifted their price objective on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price on the stock in a report on Wednesday, August 12th. Finally, Robert W. Baird raised their price target on shares of Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $353.82.
View Our Latest Analysis on Hilton Worldwide
Hilton Worldwide 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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