Man Group plc acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,085 shares of the company’s stock, valued at approximately $13,246,000.
Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new stake in Hilton Worldwide in the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. bought a new position in Hilton Worldwide during the second quarter worth about $26,000. Trust Co. of Vermont purchased a new position in shares of Hilton Worldwide in the second quarter worth about $26,000. Elevation Wealth Partners LLC raised its position in shares of Hilton Worldwide by 1,128.6% in the second 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 period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 2.1%
Shares of NYSE HLT opened at $325.48 on Friday. The business has a 50-day moving average of $328.48 and a 200-day moving average of $322.29. The firm has a market capitalization of $73.25 billion, a price-to-earnings ratio of 47.79, a PEG ratio of 2.82 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on HLT shares. Argus lifted their price objective 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. Evercore raised Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday, July 21st. Robert W. Baird boosted their price objective on Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on Hilton Worldwide from $367.00 to $368.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley lifted their target price on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.82.
Get Our Latest Research 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.
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