Nykredit A S acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 141,540 shares of the company’s stock, valued at approximately $46,773,000. Nykredit A S owned about 0.06% of Hilton Worldwide as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of HLT. Frazier Financial Advisors LLC purchased a new position in Hilton Worldwide during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its stake in shares of Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $311.59 on Thursday. The stock has a market capitalization of $70.13 billion, a PE ratio of 45.75, a P/E/G ratio of 2.51 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00. The company has a fifty day moving average of $326.11 and a two-hundred day moving average of $322.13.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s payout ratio is 8.81%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HLT. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Barclays lifted their price objective on shares of Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Finally, 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 research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Check Out Our Latest Analysis 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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