Axxcess Wealth Management LLC trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 51.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,312 shares of the company’s stock after selling 2,497 shares during the period. Axxcess Wealth Management LLC’s holdings in Hilton Worldwide were worth $703,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of HLT. CYBER HORNET ETFs LLC boosted its holdings in Hilton Worldwide by 4.7% in the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after acquiring an additional 32 shares during the last quarter. Waddell & Associates LLC raised its holdings in Hilton Worldwide by 1.8% during the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after purchasing an additional 32 shares during the last quarter. Eaton Financial Holdings Company LLC lifted its position in shares of Hilton Worldwide by 1.2% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after purchasing an additional 34 shares during the period. Moss Adams Wealth Advisors LLC boosted its stake in shares of Hilton Worldwide by 2.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock valued at $382,000 after purchasing an additional 36 shares during the last quarter. Finally, Quent Capital LLC increased its position in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Stock Performance
NYSE HLT opened at $337.57 on Friday. The company has a market capitalization of $76.85 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a 50-day simple moving average of $332.00 and a 200 day simple moving average of $315.61.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Analysts Set New Price Targets
HLT has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. HSBC boosted their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Barclays lifted their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $349.45.
Read Our Latest Analysis 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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