J. Goldman & Co LP bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 33,800 shares of the company’s stock, valued at approximately $11,170,000.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Hilton Worldwide in the second quarter valued at approximately $6,271,258,000. Geode Capital Management LLC increased its holdings in shares of Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares during the last quarter. Franklin Resources Inc. raised its stake in Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after acquiring an additional 284,352 shares during the period. Bank of America Corp DE lifted its holdings in Hilton Worldwide by 0.7% during the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock valued at $1,808,235,000 after purchasing an additional 40,343 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after purchasing an additional 475,896 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.1%
Shares of HLT stock opened at $329.72 on Wednesday. The stock has a market cap of $74.21 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The stock has a 50 day simple moving average of $329.30 and a 200 day simple moving average of $322.04.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HLT. HSBC increased their price objective on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein decreased their price target on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Mizuho raised their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Argus upped their target price on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Finally, UBS Group reissued a “buy” rating and set a $363.00 price target on shares of Hilton Worldwide in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.82.
View Our Latest Stock 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.
Featured Stories
- Five stocks we like better than Hilton Worldwide
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
