Flagship Harbor Advisors LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the first quarter, HoldingsChannel.com reports. The firm acquired 954 shares of the company’s stock, valued at approximately $217,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at approximately $28,000. ORG Partners LLC lifted its holdings in Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after acquiring an additional 74 shares during the last quarter. Beacon Capital Management LLC grew its position in Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock worth $40,000 after acquiring an additional 76 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.6%
Shares of HLT stock opened at $257.91 on Friday. The company has a market cap of $61.30 billion, a P/E ratio of 40.68, a PEG ratio of 2.87 and a beta of 1.24. The firm has a fifty day moving average price of $243.20 and a 200 day moving average price of $243.55. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $275.22.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide’s payout ratio is currently 9.46%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday. They set an “overweight” rating and a $282.00 price target for the company. Dbs Bank upgraded Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Robert W. Baird raised their target price on Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Macquarie lowered their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.06.
Check Out Our Latest Report on HLT
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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