Transamerica Financial Advisors LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,440 shares of the company’s stock, valued at approximately $4,111,000.
Several other institutional investors have also made changes to their positions in HLT. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the second quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $26,000. Trust Co. of Vermont bought a new position in shares of Hilton Worldwide in the second quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in Hilton Worldwide in the fourth quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC raised its stake in Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $332.45 on Thursday. The stock has a market cap of $74.82 billion, a P/E ratio of 48.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05. The firm has a 50 day moving average price of $328.96 and a two-hundred day moving average price of $322.21. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid 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, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Analyst Ratings Changes
A number of brokerages have issued reports on HLT. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Susquehanna decreased their price objective on shares of Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday, July 21st. Finally, Argus raised their target price on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $353.82.
Check Out Our Latest Report on Hilton Worldwide
Hilton Worldwide 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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