Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 21st will be given a dividend of 0.15 per share on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st.
Hilton Worldwide has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hilton Worldwide to earn $9.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.5%.
Hilton Worldwide Stock Up 3.2%
Shares of NYSE:HLT opened at $274.38 on Thursday. The company has a market capitalization of $64.53 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $279.80. The firm has a 50 day moving average of $268.05 and a 200 day moving average of $255.44.
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $269.40, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Hilton Worldwide
Large investors have recently made changes to their positions in the stock. GLOBALT Investments LLC GA raised its position in shares of Hilton Worldwide by 1.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after purchasing an additional 38 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after acquiring an additional 39 shares during the last quarter. Summit Financial LLC raised its holdings in Hilton Worldwide by 4.3% in the 1st quarter. Summit Financial LLC now owns 968 shares of the company’s stock valued at $220,000 after acquiring an additional 40 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in Hilton Worldwide by 2.8% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 1,447 shares of the company’s stock valued at $385,000 after acquiring an additional 40 shares during the last quarter. Finally, State of Wyoming raised its holdings in Hilton Worldwide by 2.7% in the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock valued at $413,000 after acquiring an additional 40 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
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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