Global Retirement Partners LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 78.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,203 shares of the company’s stock after selling 4,445 shares during the quarter. Global Retirement Partners LLC’s holdings in Hilton Worldwide were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of HLT. Clearstead Trust LLC bought a new position in Hilton Worldwide in the second quarter valued at approximately $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide in the 2nd quarter worth $30,000. Bank of Jackson Hole Trust grew its stake in shares of Hilton Worldwide by 132.7% during 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 period. Cullen Frost Bankers Inc. increased its holdings in Hilton Worldwide by 59.8% in the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after purchasing an additional 52 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Hilton Worldwide in the third quarter valued at about $38,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $300.30 on Friday. The stock has a market capitalization of $69.80 billion, a P/E ratio of 43.46, a P/E/G ratio of 2.56 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $303.40. The business has a 50-day moving average of $280.51 and a 200-day moving average of $272.37.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, November 21st were given a $0.15 dividend. The ex-dividend date of this dividend was 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 (DPR) is 8.68%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Truist Financial upped their price target on Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Barclays upped their target price on shares of Hilton Worldwide from $288.00 to $297.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein lifted their price target on shares of Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. Finally, Cowen reissued a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. Two 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $286.50.
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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