Brasada Capital Management LP purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 18,946 shares of the company’s stock, valued at approximately $6,261,000.
Several other institutional investors have also recently modified their holdings of the stock. Allstate Corp increased its position in Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after purchasing an additional 8,348 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in Hilton Worldwide by 100.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock valued at $4,309,000 after purchasing an additional 7,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Hilton Worldwide by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock worth $143,944,000 after purchasing an additional 22,249 shares during the last quarter. Amundi grew its holdings in shares of Hilton Worldwide by 4.0% during the first quarter. Amundi now owns 1,338,426 shares of the company’s stock worth $406,989,000 after buying an additional 51,767 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its position in shares of Hilton Worldwide by 96.7% in the fourth quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock valued at $2,954,000 after buying an additional 5,055 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $325.48 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The firm has a 50 day moving average price of $328.48 and a 200 day moving average price of $322.29. The company has a market cap of $73.25 billion, a price-to-earnings ratio of 47.79, a PEG ratio of 2.82 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. Stockholders of record on Friday, August 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is presently 8.81%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HLT shares. Argus upped their price objective on shares of Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $379.00 to $382.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. UBS Group reissued a “buy” rating and set a $363.00 price target on shares of Hilton Worldwide in a research note on Friday, August 14th. Robert W. Baird raised their price objective on Hilton Worldwide from $359.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein dropped their target price on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $353.82.
View 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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