Envestnet Asset Management Inc. lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,541 shares of the company’s stock after purchasing an additional 10,562 shares during the period. Envestnet Asset Management Inc. owned 0.08% of Hilton Worldwide worth $30,363,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Cetera Advisor Networks LLC boosted its holdings in shares of Hilton Worldwide by 7.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after buying an additional 108 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Hilton Worldwide by 8.0% during the 1st quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after buying an additional 111 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Hilton Worldwide by 22.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after buying an additional 637 shares during the period. Synovus Financial Corp boosted its holdings in shares of Hilton Worldwide by 8.6% during the 1st quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after buying an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Hilton Worldwide during the 1st quarter worth about $91,000. 94.71% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
HLT stock opened at $150.43 on Thursday. The company has a 50 day simple moving average of $149.49 and a 200 day simple moving average of $144.82. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.43 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 1 year low of $116.39 and a 1 year high of $157.14.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Thursday, August 24th. Hilton Worldwide’s dividend payout ratio is 12.53%.
Insider Buying and Selling
In other Hilton Worldwide news, insider Laura Fuentes sold 12,513 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $141.42, for a total value of $1,769,588.46. Following the completion of the transaction, the insider now directly owns 5,270 shares in the company, valued at approximately $745,283.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. StockNews.com started coverage on shares of Hilton Worldwide in a report on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley cut their price objective on shares of Hilton Worldwide from $166.00 to $163.00 in a report on Tuesday, June 27th. Sanford C. Bernstein boosted their price objective on shares of Hilton Worldwide from $152.00 to $161.00 and gave the company a “market perform” rating in a report on Monday, August 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $151.00 to $161.00 and gave the company an “equal weight” rating in a report on Friday, July 21st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.53.
Check Out Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Profile
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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