SYM FINANCIAL Corp lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 39.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 791 shares of the company’s stock after selling 524 shares during the period. SYM FINANCIAL Corp’s holdings in Hilton Worldwide were worth $211,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in Hilton Worldwide by 46.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,079 shares of the company’s stock valued at $473,000 after purchasing an additional 662 shares during the period. Perigon Wealth Management LLC lifted its position in Hilton Worldwide by 7.8% during the first quarter. Perigon Wealth Management LLC now owns 1,137 shares of the company’s stock valued at $259,000 after purchasing an additional 82 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hilton Worldwide by 29.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,200 shares of the company’s stock worth $8,171,000 after buying an additional 8,208 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Hilton Worldwide by 25.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 179,327 shares of the company’s stock worth $40,757,000 after buying an additional 35,962 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Hilton Worldwide by 0.8% in the 1st quarter. Amalgamated Bank now owns 50,815 shares of the company’s stock worth $11,563,000 after buying an additional 425 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $261.23 on Wednesday. The company has a market capitalization of $60.72 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 2.73 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.80. The company’s fifty day moving average price is $267.72 and its 200-day moving average price is $257.68.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.68%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on HLT shares. Evercore ISI increased their target price on Hilton Worldwide from $270.00 to $280.00 and gave the company an “in-line” rating in a report on Tuesday, October 14th. Truist Financial increased their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Wednesday, October 8th. TD Cowen decreased their price target on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Finally, Cowen reiterated a “buy” rating on shares of Hilton Worldwide in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $277.75.
Insider Transactions at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred 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 owned 79,451 shares in the company, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
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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