Bank Julius Baer & Co. Ltd Zurich lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 490,650 shares of the company’s stock after selling 5,876 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.21% of Hilton Worldwide worth $131,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of HLT. AG2R LA Mondiale Gestion D Actifs bought a new position in Hilton Worldwide in the first quarter valued at approximately $2,262,000. Malaga Cove Capital LLC acquired a new stake in shares of Hilton Worldwide in the 1st quarter valued at $316,000. Eisler Capital Management Ltd. increased its stake in shares of Hilton Worldwide by 2,679.0% in the 1st quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock valued at $20,480,000 after purchasing an additional 86,799 shares during the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Hilton Worldwide by 31.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock worth $1,323,000 after buying an additional 1,196 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Hilton Worldwide during the 1st quarter worth $228,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of HLT opened at $274.07 on Tuesday. The business has a 50-day moving average of $264.75 and a 200-day moving average of $263.93. The company has a market capitalization of $63.70 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 2.83 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.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of recent analyst reports. Barclays lifted their target price on Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Robert W. Baird decreased their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $274.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Finally, TD Cowen lowered 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $283.31.
Check Out Our Latest Stock Analysis on HLT
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.
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