Wealthfront Advisers LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,955 shares of the company’s stock, valued at approximately $10,560,000.
A number of other large investors also recently made changes to their positions in HLT. IMG Wealth Management Inc. bought a new stake in Hilton Worldwide in the 2nd quarter worth about $26,000. Trust Co. of Vermont bought a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its holdings in shares of Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Wilkerson Advisory Group LLC increased its position in shares of Hilton Worldwide by 163.2% during the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after acquiring an additional 62 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Trading Up 2.1%
Shares of NYSE HLT opened at $334.73 on Thursday. The stock has a fifty day simple moving average of $330.69 and a two-hundred day simple moving average of $321.33. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The firm has a market cap of $75.34 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid 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 payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on HLT shares. Barclays boosted their price objective on Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their target price on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. TD Cowen lifted their target price on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on shares of Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna reduced their price target on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.82.
Check Out Our Latest Report 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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