Ieq Capital LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, Holdings Channel reports. The institutional investor acquired 49,987 shares of the company’s stock, valued at approximately $16,519,000.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Hilton Worldwide during the 2nd quarter valued at approximately $6,271,258,000. Geode Capital Management LLC boosted its stake in shares of Hilton Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after purchasing an additional 31,364 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after purchasing an additional 284,352 shares during the last quarter. Bank of America Corp DE increased its position in shares of Hilton Worldwide by 0.7% during the first quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after buying an additional 40,343 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Hilton Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after buying an additional 475,896 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Down 0.9%
Shares of NYSE HLT opened at $326.76 on Friday. The firm’s 50-day moving average price is $330.05 and its 200-day moving average price is $321.58. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The firm has a market capitalization of $73.54 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.77 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be paid a $0.15 dividend. 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, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 8.81%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Macquarie Infrastructure boosted their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings lowered Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Robert W. Baird boosted their price objective on Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Morgan Stanley upped their target price on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group lifted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $353.82.
Check Out Our Latest Stock Report on HLT
About Hilton Worldwide
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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