Oak Ridge Investments LLC Takes Position in Hilton Worldwide Holdings Inc. (HLT)

Oak Ridge Investments LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,730 shares of the company’s stock, valued at approximately $3,106,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Hilton Worldwide Holdings during the third quarter valued at approximately $151,000. QS Investors LLC raised its holdings in shares of Hilton Worldwide Holdings by 749.6% during the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after purchasing an additional 2,084 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Hilton Worldwide Holdings by 255.9% during the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after purchasing an additional 2,173 shares during the last quarter. Keybank National Association OH purchased a new position in shares of Hilton Worldwide Holdings during the third quarter valued at approximately $221,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Hilton Worldwide Holdings during the second quarter valued at approximately $219,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

In other Hilton Worldwide Holdings 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Hilton Worldwide Holdings Inc. (HLT) traded up $0.09 on Friday, hitting $74.11. 2,392,178 shares of the company’s stock were exchanged, compared to its average volume of 2,692,657. The company has a market capitalization of $23,680.00, a price-to-earnings ratio of 33.76, a P/E/G ratio of 7.66 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $49.97 and a fifty-two week high of $74.44. The company has a current ratio of 0.94, a quick 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company’s revenue was up 7.0% on a year-over-year basis. 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 EPS for the current year.

Hilton Worldwide Holdings declared that its Board of Directors has authorized a share buyback program on Thursday, November 16th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 17th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Hilton Worldwide Holdings’s payout ratio is currently 600.00%.

Several research firms have recently weighed in on HLT. Telsey Advisory Group boosted their price objective on shares of Hilton Worldwide Holdings from $67.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $78.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. FBR & Co cut shares of Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $73.21.

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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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Institutional Ownership by Quarter for Hilton Worldwide Holdings (NYSE:HLT)

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