Daiichi Life Insurance Co. Ltd. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,669 shares of the company’s stock, valued at approximately $4,517,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commerce Bank bought a new position in shares of Hilton Worldwide during the second quarter valued at $19,342,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Hilton Worldwide in the second quarter valued at $66,290,000. Quantbot Technologies LP acquired a new stake in Hilton Worldwide in the second quarter valued at $16,536,000. Evolve Private Wealth LLC bought a new position in Hilton Worldwide during the 2nd quarter worth $500,000. Finally, Findlay Park Partners LLP acquired a new position in Hilton Worldwide during the 2nd quarter worth about $111,819,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
Shares of Hilton Worldwide stock opened at $326.76 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The stock’s 50-day moving average is $330.05 and its 200 day moving average is $321.72. The firm has a market cap of $73.54 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.77 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.81%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Susquehanna decreased their price target on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Macquarie Infrastructure lifted their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Barclays increased their target price on shares of Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Bank of America boosted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Finally, Mizuho upped their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.82.
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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