Simmons Bank bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,548 shares of the company’s stock, valued at approximately $471,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at $26,000. ST Germain D J Co. Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $33,000. BOCHK Asset Management Ltd purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth about $43,000. MV Capital Management Inc. acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $43,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $47,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
NYSE HLT opened at $331.02 on Wednesday. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00. The company’s fifty day moving average price is $331.64 and its two-hundred day moving average price is $313.09.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HLT shares. Morgan Stanley boosted their price target on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Sanford C. Bernstein dropped their price objective on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group raised their price target on shares of Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn lifted their price target on shares of Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $349.45.
Get Our Latest Analysis on Hilton Worldwide
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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