E Fund Management Co. Ltd. bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,478 shares of the company’s stock, valued at approximately $2,802,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. CYBER HORNET ETFs LLC grew its holdings in shares of Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after purchasing an additional 32 shares during the last quarter. Waddell & Associates LLC boosted its position in Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after buying an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC boosted its position in Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock valued at $799,000 after buying an additional 34 shares in the last quarter. Quent Capital LLC grew its stake in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares during the last quarter. Finally, L2 Asset Management LLC lifted its stake in shares of Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after acquiring an additional 38 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Performance
HLT stock opened at $334.73 on Thursday. The stock’s 50 day simple moving average is $330.69 and its 200 day simple moving average is $321.33. The company has a market cap of $75.34 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 2.78 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.
Hilton Worldwide Dividend Announcement
The firm 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s payout ratio is presently 8.81%.
Analyst Ratings Changes
A number of research firms have weighed in on HLT. UBS Group reissued a “buy” rating and set a $363.00 target price on shares of Hilton Worldwide in a report on Friday, August 14th. Barclays lifted their price target on shares of Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. The Goldman Sachs Group raised their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price target on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $353.82.
Get Our Latest Stock 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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