Exchange Traded Concepts LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 490.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,369 shares of the company’s stock after purchasing an additional 10,274 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Hilton Worldwide were worth $3,209,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HLT. CHICAGO TRUST Co NA boosted its stake in Hilton Worldwide by 4.1% in the third quarter. CHICAGO TRUST Co NA now owns 2,263 shares of the company’s stock valued at $587,000 after buying an additional 90 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Hilton Worldwide by 6.6% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,002 shares of the company’s stock valued at $260,000 after purchasing an additional 62 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Hilton Worldwide by 55.8% during the 3rd quarter. Focus Financial Network Inc. now owns 1,407 shares of the company’s stock valued at $365,000 after purchasing an additional 504 shares during the last quarter. Secure Asset Management LLC increased its position in Hilton Worldwide by 3.2% during the 3rd quarter. Secure Asset Management LLC now owns 2,085 shares of the company’s stock worth $535,000 after purchasing an additional 65 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in Hilton Worldwide by 8.5% in the 3rd quarter. Contravisory Investment Management Inc. now owns 2,319 shares of the company’s stock valued at $602,000 after purchasing an additional 182 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.7%
Shares of HLT stock opened at $293.30 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $294.92. The stock has a market cap of $68.17 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 3.02 and a beta of 1.15. The stock has a 50-day moving average of $274.25 and a 200-day moving average of $268.99.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a dividend of $0.15 per share. 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, November 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.68%.
Analyst Ratings Changes
A number of research firms have weighed in on HLT. Cowen reaffirmed a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. Sanford C. Bernstein cut their price objective on Hilton Worldwide from $288.00 to $285.00 and set a “market perform” rating on the stock in a report on Wednesday, November 19th. Truist Financial upped their target price on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company started coverage on Hilton Worldwide in a research note on Tuesday, November 18th. They set an “overweight” rating and a $332.00 price target on the stock. Finally, Evercore ISI boosted their price target on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.31.
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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