Camrose Capital Investment Partners LLP purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 323,699 shares of the company’s stock, valued at approximately $106,970,000. Hilton Worldwide accounts for about 12.1% of Camrose Capital Investment Partners LLP’s portfolio, making the stock its 4th biggest holding.
A number of other hedge funds have also modified their holdings of HLT. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide in the second quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in Hilton Worldwide in the second quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in Hilton Worldwide in the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in Hilton Worldwide during the 4th quarter worth approximately $26,000. Finally, Elevation Wealth Partners LLC lifted its stake in Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 79 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $330.20 on Tuesday. The stock has a market capitalization of $74.32 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 2.77 and a beta of 1.05. The firm’s 50 day simple moving average is $329.72 and its 200-day simple moving average is $321.90. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analyst Weigh In
Several research firms have recently commented on HLT. Mizuho upped their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Bank of America boosted their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Rothschild & Co Redburn upped their price target on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their price target on Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $353.82.
View Our Latest Research Report on HLT
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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