Accuvest Global Advisors bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,017 shares of the company’s stock, valued at approximately $523,000.
Other hedge funds have also bought and sold shares of the company. GLOBALT Investments LLC GA grew its position in shares of Hilton Worldwide by 1.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock valued at $850,000 after purchasing an additional 38 shares in the last quarter. RMR Wealth Builders grew its holdings in Hilton Worldwide by 1.3% during the 3rd quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock valued at $766,000 after buying an additional 39 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after acquiring an additional 39 shares during the last quarter. State of Wyoming raised its holdings in shares of Hilton Worldwide by 2.7% during the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock worth $413,000 after acquiring an additional 40 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of Hilton Worldwide by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 1,453 shares of the company’s stock valued at $377,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $304.61 on Tuesday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $333.86. The business has a 50-day moving average price of $302.96 and a 200 day moving average price of $282.07. The company has a market capitalization of $69.84 billion, a P/E ratio of 49.77, a PEG ratio of 2.72 and a beta of 1.10.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 27th. Hilton Worldwide’s dividend payout ratio is presently 9.80%.
Wall Street Analyst Weigh In
HLT has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Evercore increased their price target on shares of Hilton Worldwide from $325.00 to $335.00 in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $318.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Macquarie Infrastructure upped their price objective on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Finally, Raymond James Financial lifted their target price on Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.32.
Insiders Place Their Bets
In related news, insider Christopher J. Nassetta sold 114,289 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the sale, the insider owned 36,445 shares in the company, valued at approximately $11,570,194.15. This trade represents a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
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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