Allianz SE decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 39.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,220 shares of the company’s stock after selling 2,126 shares during the quarter. Allianz SE’s holdings in Hilton Worldwide were worth $858,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ABN Amro Investment Solutions acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $5,997,000. Police & Firemen s Retirement System of New Jersey lifted its position in Hilton Worldwide by 1.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 35,376 shares of the company’s stock worth $9,422,000 after acquiring an additional 636 shares during the period. Geode Capital Management LLC grew its stake in Hilton Worldwide by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after purchasing an additional 172,121 shares during the last quarter. Wealth Alliance LLC acquired a new position in shares of Hilton Worldwide in the second quarter valued at about $214,000. Finally, National Pension Service raised its stake in shares of Hilton Worldwide by 2.1% in the second quarter. National Pension Service now owns 613,226 shares of the company’s stock worth $163,327,000 after purchasing an additional 12,531 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $269.98 on Friday. The company has a market capitalization of $62.75 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The company’s fifty day moving average price is $265.53 and its 200 day moving average price is $261.84. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.68%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Bank of America upped their target price on Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Macquarie lifted their price objective on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Morgan Stanley upped their price objective on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Finally, Robert W. Baird decreased their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.75.
Read Our Latest Stock Analysis on Hilton Worldwide
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the sale, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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