Avantax Advisory Services Inc. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 29.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,611 shares of the company’s stock after acquiring an additional 1,713 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Hilton Worldwide were worth $2,027,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Clearstead Trust LLC acquired a new position in shares of Hilton Worldwide during the second quarter valued at $30,000. Bank of Jackson Hole Trust grew its position in Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after buying an additional 73 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after buying an additional 52 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $39,000. Finally, LRI Investments LLC lifted its stake in shares of Hilton Worldwide by 84.1% in the 2nd quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 3.9%
Shares of HLT stock opened at $274.57 on Friday. The company has a market capitalization of $63.82 billion, a price-to-earnings ratio of 39.74, a P/E/G ratio of 2.72 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The stock’s fifty day simple moving average is $264.69 and its 200-day simple moving average is $263.38.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be given a dividend of $0.15 per share. 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 payout ratio is presently 8.68%.
Analysts Set New Price Targets
HLT has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Sanford C. Bernstein cut their price objective on Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating for the company in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a report on Thursday. TD Cowen cut their price target on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 17th. Finally, Morgan Stanley lifted their price objective on shares of Hilton Worldwide from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $283.31.
Hilton Worldwide Profile
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.
Further Reading
- Five stocks we like better than Hilton Worldwide
- Russell 2000 Index, How Investors Use it For Profitable Trading
- A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
- What Is WallStreetBets and What Stocks Are They Targeting?
- 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
