Prosperity Consulting Group LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,758 shares of the company’s stock, valued at approximately $535,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLT. Quartz Partners LLC boosted its holdings in Hilton Worldwide by 0.9% in the 1st quarter. Quartz Partners LLC now owns 14,500 shares of the company’s stock valued at $4,409,000 after purchasing an additional 123 shares during the period. Wealthfront Advisers LLC boosted its holdings in Hilton Worldwide by 3.9% during the first quarter. Wealthfront Advisers LLC now owns 30,833 shares of the company’s stock valued at $9,376,000 after purchasing an additional 1,151 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Hilton Worldwide by 10.2% in the first quarter. Checchi Capital Advisers LLC now owns 2,889 shares of the company’s stock valued at $878,000 after acquiring an additional 267 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Hilton Worldwide by 4.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,764 shares of the company’s stock worth $536,000 after purchasing an additional 74 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of Hilton Worldwide by 9.5% during the first quarter. Bleakley Financial Group LLC now owns 18,879 shares of the company’s stock worth $5,741,000 after buying an additional 1,645 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.3%
NYSE HLT opened at $322.23 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The firm has a market capitalization of $73.36 billion, a P/E ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. The firm’s fifty day moving average price is $332.95 and its two-hundred day moving average price is $316.86.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. HSBC raised their target price on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Bank of America lifted their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. Barclays upped their price target on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure raised their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Argus raised their target price on shares of Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $350.18.
Read Our Latest Report on Hilton Worldwide
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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