GLOBALT Investments LLC GA lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,239 shares of the company’s stock after selling 317 shares during the period. GLOBALT Investments LLC GA’s holdings in Hilton Worldwide were worth $863,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of HLT. Nuveen LLC purchased a new position in shares of Hilton Worldwide in the first quarter worth about $353,985,000. Goldman Sachs Group Inc. increased its holdings in Hilton Worldwide by 30.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company’s stock valued at $487,135,000 after purchasing an additional 494,224 shares during the period. Strs Ohio purchased a new position in Hilton Worldwide during the 1st quarter valued at about $97,505,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hilton Worldwide by 30.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company’s stock valued at $391,521,000 after purchasing an additional 398,827 shares during the period. Finally, Jennison Associates LLC increased its holdings in Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock valued at $861,132,000 after purchasing an additional 385,096 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
HLT stock opened at $267.84 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $279.80. The business’s 50 day moving average price is $267.99 and its two-hundred day moving average price is $256.34. The company has a market capitalization of $62.25 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 2.81 and a beta of 1.19.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 21st will be given 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 of this dividend is Friday, November 21st. Hilton Worldwide’s payout ratio is currently 9.22%.
Insider Activity at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the sale, the insider directly owned 79,451 shares of the company’s stock, valued at $21,404,099.40. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on HLT shares. Barclays boosted their price target on Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price target on Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein boosted their price target on Hilton Worldwide from $261.00 to $288.00 and gave the company a “market perform” rating in a report on Tuesday, September 16th. Jefferies Financial Group boosted their price target on Hilton Worldwide from $311.00 to $312.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.75.
Get Our Latest Research Report on HLT
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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