Oregon Public Employees Retirement Fund bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,600 shares of the company’s stock, valued at approximately $1,336,000.
Several other hedge funds also recently modified their holdings of the company. Westpac Banking Corp increased its stake in shares of Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock worth $4,419,000 after buying an additional 87,466 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth about $10,918,000. Fox Run Management L.L.C. bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth about $1,089,000. Capstone Asset Management Co. increased its stake in shares of Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after buying an additional 8,090 shares during the period. Finally, National Pension Service increased its stake in shares of Hilton Worldwide Holdings by 9.8% in the second quarter. National Pension Service now owns 219,217 shares of the company’s stock worth $13,646,000 after buying an additional 19,481 shares during the period.
Hilton Worldwide Holdings Inc. (HLT) opened at 61.30 on Friday. The stock has a 50 day moving average price of $62.42 and a 200 day moving average price of $60.74. Hilton Worldwide Holdings Inc. has a 52 week low of $44.73 and a 52 week high of $67.79. The stock has a market cap of $19.87 billion, a PE ratio of 510.83 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 461.33%.
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A number of brokerages recently issued reports on HLT. BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, July 31st. Berenberg Bank raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and raised their price objective for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. Barclays PLC raised their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Finally, Telsey Advisory Group raised their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Hilton Worldwide Holdings currently has an average rating of “Buy” and an average target price of $72.06.
About Hilton Worldwide Holdings
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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