Westpac Banking Corp purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 11,087 shares of the company’s stock, valued at approximately $3,664,000.
Several other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in Hilton Worldwide during the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Hilton Worldwide in the second quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in shares of Hilton Worldwide during the second quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $26,000. Finally, Elevation Wealth Partners LLC raised its stake in Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
HLT stock opened at $326.76 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The firm has a market cap of $73.54 billion, a PE ratio of 47.98, a PEG ratio of 2.79 and a beta of 1.05. The firm’s 50 day moving average price is $330.05 and its 200-day moving average price is $321.58.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be given a dividend of $0.15 per share. 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 (DPR) is presently 8.81%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of research reports. Weiss Ratings lowered Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. UBS Group restated a “buy” rating and set a $363.00 price target on shares of Hilton Worldwide in a research report on Friday, August 14th. Finally, Morgan Stanley upped their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.82.
Read Our Latest Stock Report on HLT
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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