Washington Trust Advisors Inc. lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 68.5% during the second quarter, HoldingsChannel.com reports. The fund owned 337 shares of the company’s stock after acquiring an additional 137 shares during the period. Washington Trust Advisors Inc.’s holdings in Hilton Worldwide were worth $90,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HLT. Cullen Frost Bankers Inc. boosted its stake in shares of 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 acquiring an additional 52 shares during the last quarter. LRI Investments LLC boosted its stake in Hilton Worldwide by 84.1% during the second quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after buying an additional 69 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock worth $45,000 after buying an additional 142 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Hilton Worldwide during the first quarter worth $54,000. Finally, Pinnacle Bancorp Inc. boosted its stake in Hilton Worldwide by 35.0% during the second quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock worth $58,000 after buying an additional 56 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Up 0.1%
NYSE:HLT opened at $267.84 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.80. The company has a market capitalization of $62.25 billion, a P/E ratio of 38.76, a P/E/G ratio of 2.81 and a beta of 1.19. The stock’s fifty day moving average is $267.99 and its two-hundred day moving average is $256.34.
Hilton Worldwide Dividend Announcement
The company also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s payout ratio is currently 9.22%.
Insider Activity
In related news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction 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 owned 79,451 shares in the company, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Susquehanna boosted their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their price objective on Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays boosted their price objective on Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a research note on Thursday. Macquarie boosted their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein boosted their price objective on Hilton Worldwide from $261.00 to $288.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given 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.
View Our Latest 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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