Parkside Financial Bank & Trust increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 212.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,828 shares of the company’s stock after acquiring an additional 1,924 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Hilton Worldwide were worth $935,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide during the 2nd quarter valued at approximately $26,000. Trust Co. of Vermont bought a new position in Hilton Worldwide during the 2nd quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in Hilton Worldwide in the fourth quarter worth $26,000. Finally, Elevation Wealth Partners LLC increased its position in Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 79 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of HLT opened at $304.72 on Wednesday. The firm has a market capitalization of $68.58 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The stock’s fifty day moving average is $324.15 and its 200-day moving average is $321.98.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on HLT shares. 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 report on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating and issued a $363.00 price objective on shares of Hilton Worldwide in a report on Friday, August 14th. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their target price on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Argus raised their price target on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given 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 target price of $353.82.
Get Our Latest Analysis on HLT
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that owns, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of market segments, from luxury and full-service properties to focused-service, extended-stay and lifestyle accommodations.
The company’s brands include Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, LXR Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Homewood Suites, Home2 Suites, Tru by Hilton, Canopy by Hilton, Curio Collection and Motto by Hilton.
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