Hound Partners LLC decreased its stake in Hilton Worldwide (NYSE:HLT) by 36.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,399,369 shares of the company’s stock after selling 1,928,743 shares during the period. Hilton Worldwide comprises 6.7% of Hound Partners LLC’s holdings, making the stock its 8th largest position. Hound Partners LLC’s holdings in Hilton Worldwide were worth $267,734,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC lifted its stake in Hilton Worldwide by 21.1% in the first quarter. Zeke Capital Advisors LLC now owns 4,628 shares of the company’s stock valued at $365,000 after buying an additional 806 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Hilton Worldwide by 10.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,454 shares of the company’s stock valued at $743,000 after buying an additional 919 shares during the period. Norinchukin Bank The lifted its stake in Hilton Worldwide by 6.4% in the fourth quarter. Norinchukin Bank The now owns 16,168 shares of the company’s stock valued at $1,291,000 after buying an additional 966 shares during the period. Profund Advisors LLC lifted its stake in Hilton Worldwide by 17.9% in the fourth quarter. Profund Advisors LLC now owns 6,850 shares of the company’s stock valued at $547,000 after buying an additional 1,039 shares during the period. Finally, Atria Investments LLC lifted its stake in Hilton Worldwide by 42.6% in the first quarter. Atria Investments LLC now owns 5,216 shares of the company’s stock valued at $411,000 after buying an additional 1,558 shares during the period. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide opened at $82.73 on Thursday, MarketBeat reports. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.75. The stock has a market cap of $25.23 billion, a P/E ratio of 41.37, a PEG ratio of 3.13 and a beta of 1.32. Hilton Worldwide has a 52-week low of $60.54 and a 52-week high of $88.11.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. Hilton Worldwide’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. research analysts predict that Hilton Worldwide will post 2.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Hilton Worldwide’s payout ratio is presently 30.00%.
A number of equities research analysts have recently commented on HLT shares. Barclays reaffirmed a “hold” rating and set a $88.00 price target on shares of Hilton Worldwide in a research report on Friday, February 16th. Wells Fargo & Co raised their price target on Hilton Worldwide from $78.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. SunTrust Banks raised their price target on Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. B. Riley reaffirmed a “neutral” rating and set a $84.00 price target (up previously from $73.00) on shares of Hilton Worldwide in a research report on Wednesday, February 14th. Finally, TheStreet raised Hilton Worldwide from a “c” rating to a “b” rating in a research report on Wednesday, February 14th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $84.88.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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