Nicola Wealth Management LTD. purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,680 shares of the company’s stock, valued at approximately $837,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Summit Financial LLC boosted its stake in Hilton Worldwide by 4.3% in the 1st quarter. Summit Financial LLC now owns 968 shares of the company’s stock worth $220,000 after buying an additional 40 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Hilton Worldwide by 2.9% in the 1st quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock worth $351,000 after buying an additional 44 shares during the last quarter. First Bank & Trust boosted its stake in Hilton Worldwide by 0.5% in the 1st quarter. First Bank & Trust now owns 10,439 shares of the company’s stock worth $2,375,000 after buying an additional 48 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in Hilton Worldwide by 5.8% in the 1st quarter. Catalyst Financial Partners LLC now owns 961 shares of the company’s stock worth $219,000 after buying an additional 53 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its stake in Hilton Worldwide by 4.2% in the 1st quarter. Fayez Sarofim & Co now owns 1,392 shares of the company’s stock worth $317,000 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 Performance
Shares of NYSE:HLT opened at $278.35 on Friday. The company has a market cap of $65.47 billion, a P/E ratio of 42.76, a PEG ratio of 2.69 and a beta of 1.21. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.80. The business’s 50-day simple moving average is $271.60 and its 200 day simple moving average is $250.29.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.22%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, August 21st. The stock was 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 in the company, valued at $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
HLT has been the topic of several research analyst reports. Bank of America lifted their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Robert W. Baird lifted their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Barclays reduced their price objective on Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Macquarie lifted their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial lifted their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $264.40.
View Our Latest Stock Analysis on HLT
About Hilton Worldwide
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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