Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,996,049 shares of the company’s stock after purchasing an additional 34,617 shares during the quarter. Hilton Worldwide accounts for approximately 1.6% of Grantham Mayo Van Otterloo & Co. LLC’s portfolio, making the stock its 22nd largest position. Grantham Mayo Van Otterloo & Co. LLC owned about 0.85% of Hilton Worldwide worth $531,628,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HLT. Clearstead Trust LLC bought a new stake in shares of Hilton Worldwide during the second quarter worth about $30,000. Bank of Jackson Hole Trust boosted its stake in Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after purchasing an additional 73 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Hilton Worldwide in the second quarter worth approximately $39,000. Finally, LRI Investments LLC boosted its position in shares of Hilton Worldwide by 84.1% during the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock valued at $40,000 after buying an additional 69 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Performance
Shares of Hilton Worldwide stock opened at $285.87 on Friday. The stock has a market capitalization of $66.44 billion, a P/E ratio of 41.37, a P/E/G ratio of 2.94 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $287.31. The stock’s 50-day simple moving average is $265.75 and its 200 day simple moving average is $264.53.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 21st will be issued 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 dividend payout ratio is presently 8.68%.
Analysts Set New Price Targets
Several brokerages have weighed in on HLT. TD Cowen dropped their price objective on Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a research report on Wednesday. Sanford C. Bernstein cut their price target on shares of Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a report on Wednesday, November 19th. Evercore ISI raised their price objective on shares of Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Hilton Worldwide from $274.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $283.31.
View Our Latest Research Report on Hilton Worldwide
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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