Groupe la Francaise raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 31.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,548 shares of the company’s stock after acquiring an additional 4,658 shares during the quarter. Groupe la Francaise’s holdings in Hilton Worldwide were worth $6,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC lifted its position in Hilton Worldwide by 4.7% in the fourth 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 increased its stake in shares of Hilton Worldwide by 1.8% in the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after buying an additional 32 shares during the period. Eaton Financial Holdings Company LLC increased its stake in shares of Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after buying an additional 34 shares during the period. L2 Asset Management LLC raised its holdings in Hilton Worldwide by 3.6% during the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after buying an additional 38 shares during the last quarter. Finally, Nilsine Partners LLC boosted its position in Hilton Worldwide by 2.2% during the 2nd quarter. Nilsine Partners LLC now owns 1,776 shares of the company’s stock valued at $587,000 after buying an additional 38 shares during the period. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Down 0.1%
NYSE:HLT opened at $310.97 on Tuesday. The company has a 50-day moving average price of $324.68 and a 200-day moving average price of $322.06. The stock has a market cap of $69.99 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 2.51 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be given a $0.15 dividend. 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 is currently 8.81%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wolfe Research began coverage on shares of Hilton Worldwide in a report on Wednesday, September 2nd. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price target on the stock in a report on Wednesday, August 12th. Barclays upped their price target on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a “buy” rating and issued a $363.00 price objective on shares of Hilton Worldwide in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
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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