Transamerica Financial Advisors LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,440 shares of the company’s stock, valued at approximately $4,111,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in Hilton Worldwide during the 2nd quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in Hilton Worldwide during the second quarter worth $26,000. IMG Wealth Management Inc. acquired a new position in Hilton Worldwide during the second quarter worth $26,000. Elevation Wealth Partners LLC grew its position in Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of Hilton Worldwide stock opened at $332.45 on Thursday. The business has a fifty day simple moving average of $328.96 and a two-hundred day simple moving average of $322.21. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The company has a market capitalization of $74.82 billion, a price-to-earnings ratio of 48.82, a P/E/G ratio of 2.79 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a $0.15 dividend. 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, August 21st. Hilton Worldwide’s dividend payout ratio is currently 8.81%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on HLT shares. Deutsche Bank Aktiengesellschaft upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price objective for the company in a report on Wednesday, August 12th. Truist Financial increased their price target on Hilton Worldwide from $307.00 to $312.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Susquehanna lowered their price target on Hilton Worldwide from $353.00 to $345.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Robert W. Baird raised their target price on shares of Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $353.82.
View Our Latest Stock Analysis on Hilton Worldwide
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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