Man Group plc purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,085 shares of the company’s stock, valued at approximately $13,246,000.
Other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC grew its holdings in Hilton Worldwide by 4.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after acquiring an additional 32 shares during the last quarter. Waddell & Associates LLC lifted its position in Hilton Worldwide by 1.8% during the fourth quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after buying an additional 32 shares during the period. Eaton Financial Holdings Company LLC boosted its stake in Hilton Worldwide by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after acquiring an additional 34 shares in the last quarter. L2 Asset Management LLC grew its stake in shares of Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after buying an additional 38 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Hilton Worldwide by 1.6% during the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $325.48 on Friday. The company has a market cap of $73.25 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The stock’s 50 day simple moving average is $328.48 and its two-hundred day simple moving average is $322.29. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be 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 of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on HLT. UBS Group reissued a “buy” rating and set a $363.00 price target on shares of Hilton Worldwide in a research report on Friday, August 14th. Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday, July 21st. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $379.00 to $382.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Sanford C. Bernstein reduced their price objective on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Finally, CICC Research began coverage on shares of Hilton Worldwide in a report on Wednesday, August 12th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $353.82.
View Our Latest Research Report on Hilton Worldwide
About Hilton Worldwide
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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