Numeric Investors LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,800 shares of the company’s stock, valued at approximately $1,101,000.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Hilton Worldwide Holdings by 46.3% during the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after acquiring an additional 4,302,706 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hilton Worldwide Holdings by 13.7% in the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after purchasing an additional 1,448,078 shares during the period. FMR LLC raised its stake in shares of Hilton Worldwide Holdings by 2.6% in the 2nd quarter. FMR LLC now owns 3,910,463 shares of the company’s stock valued at $241,862,000 after purchasing an additional 98,978 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Hilton Worldwide Holdings by 49.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock valued at $215,173,000 after purchasing an additional 1,152,164 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide Holdings by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after purchasing an additional 329,412 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (HLT) opened at 69.92 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $44.73 and a one year high of $69.97. The company has a market cap of $22.67 billion, a PE ratio of 582.67 and a beta of 1.30. The stock’s 50 day moving average price is $66.52 and its 200-day moving average price is $63.15.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts expect that Hilton Worldwide Holdings Inc. will post $1.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, August 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.
HLT has been the topic of several recent research reports. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, July 11th. UBS AG lifted their price target on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price target on shares of Hilton Worldwide Holdings in a research note on Friday, September 22nd. TheStreet downgraded Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. Finally, Barclays PLC lifted their price target on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Hilton Worldwide Holdings currently has a consensus rating of “Buy” and an average target price of $71.31.
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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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