Abacus FCF Advisors LLC purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,891 shares of the company’s stock, valued at approximately $16,316,000. Hilton Worldwide accounts for 2.2% of Abacus FCF Advisors LLC’s holdings, making the stock its 21st biggest position.
A number of other large investors also recently bought and sold shares of the business. Clearstead Trust LLC purchased a new stake in Hilton Worldwide in the second quarter worth $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide in the second quarter worth about $30,000. Bank of Jackson Hole Trust grew its holdings in shares of Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after purchasing an additional 73 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Hilton Worldwide by 59.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after buying an additional 52 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hilton Worldwide during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.4%
Shares of Hilton Worldwide stock opened at $292.20 on Tuesday. The company has a market cap of $67.92 billion, a P/E ratio of 42.29, a PEG ratio of 3.02 and a beta of 1.15. The firm’s 50 day moving average price is $275.54 and its 200-day moving average price is $269.79. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $294.92.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. Hilton Worldwide’s payout ratio is 8.68%.
Wall Street Analysts Forecast Growth
HLT has been the topic of a number of research analyst reports. Susquehanna upped their target price on shares of Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. Evercore ISI upped their target price on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Wells Fargo & Company began coverage on Hilton Worldwide in a research report on Tuesday, November 18th. They set an “overweight” rating and a $332.00 price target on the stock. Finally, Morgan Stanley raised their price target on Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.31.
Hilton Worldwide Company 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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