McElhenny Sheffield Capital Management LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,648 shares of the company’s stock, valued at approximately $610,000.
A number of other hedge funds have also modified their holdings of the business. Independence Bank of Kentucky boosted its stake in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the period. EdgeRock Capital LLC acquired a new position in Hilton Worldwide during the second quarter worth $33,000. Pinnacle Bancorp Inc. purchased a new position in shares of Hilton Worldwide during the first quarter worth $34,000. Manchester Capital Management LLC grew its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $37,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Performance
HLT opened at $238.81 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $146.36 and a one year high of $240.00. The stock has a market capitalization of $59.71 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The business’s 50-day simple moving average is $222.71 and its 200-day simple moving average is $213.42.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on HLT shares. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Truist Financial decreased their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Robert W. Baird set a $235.00 price objective on Hilton Worldwide in a research report on Thursday. Finally, Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.05.
Check Out Our Latest Stock Analysis on HLT
Insider Activity
In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.
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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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