Cornerstone Advisors LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 53,256 shares of the company’s stock, valued at approximately $17,599,000.
Several other large investors also recently modified their holdings of the business. IMG Wealth Management Inc. bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in shares of Hilton Worldwide in the 2nd quarter worth about $26,000. Elevation Wealth Partners LLC grew its holdings 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 purchasing an additional 79 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $26,000. Finally, Wilkerson Advisory Group LLC increased its holdings 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 in the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
Shares of NYSE HLT opened at $326.88 on Tuesday. The business’s 50 day moving average is $331.05 and its two-hundred day moving average is $320.86. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The stock has a market capitalization of $73.57 billion, a P/E ratio of 48.00, a PEG ratio of 2.78 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Susquehanna cut their price target on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price target for the company in a research note on Wednesday, August 12th. Weiss Ratings lowered Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. TD Cowen increased their target price on shares of Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Argus increased their price target on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $353.82.
View 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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