Hazelview Securities Inc. boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 60.8% in the 2nd quarter, Holdings Channel reports. The firm owned 81,139 shares of the company’s stock after buying an additional 30,669 shares during the quarter. Hilton Worldwide accounts for approximately 3.9% of Hazelview Securities Inc.’s portfolio, making the stock its 11th biggest position. Hazelview Securities Inc.’s holdings in Hilton Worldwide were worth $22,148,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Clearstead Trust LLC acquired a new stake in Hilton Worldwide during the 2nd quarter valued at $30,000. Sagard Holdings Management Inc. purchased a new stake in Hilton Worldwide during the 2nd quarter worth approximately $30,000. Bank of Jackson Hole Trust raised its holdings in Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Hilton Worldwide by 59.8% in the second 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. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hilton Worldwide during the second quarter valued at $39,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
HLT opened at $280.13 on Friday. The business’s 50-day moving average price is $268.98 and its two-hundred day moving average price is $266.47. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $287.39. The company has a market capitalization of $65.11 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 2.87 and a beta of 1.15.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be issued a $0.15 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is presently 8.68%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday. Robert W. Baird dropped their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Susquehanna boosted their target price on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company initiated coverage on Hilton Worldwide in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $332.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.31.
Read Our Latest Research Report on HLT
Hilton Worldwide 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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