Axxcess Wealth Management LLC lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 51.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,312 shares of the company’s stock after selling 2,497 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Hilton Worldwide were worth $703,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC boosted its stake 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 purchasing an additional 32 shares in the last quarter. Waddell & Associates LLC lifted its position in shares of Hilton Worldwide by 1.8% during the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock valued at $517,000 after buying an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC boosted its stake in shares of Hilton Worldwide by 1.2% in 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 during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of Hilton Worldwide by 2.8% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after acquiring an additional 36 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in Hilton Worldwide by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 1.3%
HLT opened at $337.57 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a market cap of $76.85 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.91 and a beta of 1.05. The firm’s fifty day simple moving average is $332.00 and its two-hundred day simple moving average is $315.61.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is 9.16%.
Analyst Ratings Changes
Several equities research analysts have weighed in on HLT shares. HSBC boosted their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Bank of America upped their target price on Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. TD Cowen upped their price target on shares of Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $349.45.
Check Out Our Latest Research 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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