Capital Bank & Trust Co bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 809,759 shares of the company’s stock, valued at approximately $56,238,000. Capital Bank & Trust Co owned approximately 0.25% of Hilton Worldwide at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HLT. State Street Corp lifted its position in shares of Hilton Worldwide by 141.6% in the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after buying an additional 4,609,697 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hilton Worldwide by 46.3% in the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after buying an additional 4,302,706 shares in the last quarter. Capital International Investors purchased a new stake in shares of Hilton Worldwide in the third quarter worth about $267,430,000. JPMorgan Chase & Co. lifted its position in shares of Hilton Worldwide by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock worth $882,616,000 after buying an additional 2,035,463 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Hilton Worldwide by 13.7% in the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock worth $745,212,000 after buying an additional 1,448,078 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.
A number of equities research analysts recently commented on HLT shares. Zacks Investment Research downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Hilton Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. FBR & Co downgraded Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research report on Friday, October 27th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price on the stock. in a research report on Tuesday, November 14th. Finally, Barclays boosted their target price on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.47.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) traded up $1.10 during mid-day trading on Friday, reaching $78.38. The company’s stock had a trading volume of 2,086,490 shares, compared to its average volume of 1,816,487. Hilton Worldwide Holdings Inc. has a fifty-two week low of $52.80 and a fifty-two week high of $78.62. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $25,077.76, a P/E ratio of 36.29, a PEG ratio of 8.24 and a beta of 1.33.
Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. equities research analysts expect that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. Hilton Worldwide’s dividend payout ratio is 545.45%.
Hilton Worldwide 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
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Hilton Worldwide 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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