Rhumbline Advisers raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 385,279 shares of the company’s stock after buying an additional 13,890 shares during the period. Rhumbline Advisers owned about 0.12% of Hilton Worldwide Holdings worth $26,758,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Hilton Worldwide Holdings during the third quarter valued at approximately $151,000. QS Investors LLC increased its stake in shares of Hilton Worldwide Holdings by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Hilton Worldwide Holdings by 255.9% in the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after purchasing an additional 2,173 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Hilton Worldwide Holdings in the third quarter worth $221,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Hilton Worldwide Holdings in the second quarter worth $219,000. 99.29% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
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Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at $74.11 on Friday. The company has a market cap of $23,711.57, a PE ratio of 34.31, a P/E/G ratio of 7.79 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $49.97 and a 12 month high of $74.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. analysts forecast that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio is presently 545.45%.
Hilton Worldwide Holdings declared that its board has approved a share repurchase plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut shares of Hilton Worldwide Holdings from an “outperform” rating to a “market perform” rating and set a $78.00 price objective for the company. in a research note on Monday, November 6th. Goldman Sachs Group, Inc. (The) lowered shares of Hilton Worldwide Holdings from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a research report on Tuesday, November 14th. B. Riley restated a “neutral” rating on shares of Hilton Worldwide Holdings in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Thursday, October 26th. Finally, Robert W. Baird restated a “buy” rating and set a $78.00 target price on shares of Hilton Worldwide Holdings in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.21.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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