New Age Alpha Advisors LLC reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 17.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,940 shares of the company’s stock after selling 2,245 shares during the period. New Age Alpha Advisors LLC’s holdings in Hilton Worldwide were worth $3,143,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC grew its stake in Hilton Worldwide by 2.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after acquiring an additional 36 shares during the period. Quent Capital LLC grew its stake in Hilton Worldwide by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after acquiring an additional 37 shares during the period. L2 Asset Management LLC grew its stake in Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after acquiring an additional 38 shares during the period. RMR Wealth Builders grew its stake in Hilton Worldwide by 1.3% in the 3rd quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock worth $766,000 after acquiring an additional 39 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Hilton Worldwide by 1.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after buying an additional 39 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Up 0.1%
Shares of Hilton Worldwide stock opened at $321.34 on Tuesday. The company has a fifty day moving average price of $315.45 and a 200 day moving average price of $301.04. Hilton Worldwide Holdings Inc. has a twelve month low of $241.45 and a twelve month high of $344.75. The stock has a market cap of $73.15 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is 9.16%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on HLT shares. Mizuho boosted their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Argus boosted their price objective on shares of Hilton Worldwide from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Rothschild & Co Redburn boosted their price objective on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure boosted their price objective on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Truist Financial boosted their price objective on shares of Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $348.55.
Read Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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