Traders Buy High Volume of Hilton Worldwide Holdings Put Options (HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT) was the target of some unusual options trading activity on Thursday. Investors purchased 2,325 put options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 put options.

In related 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 transaction of $1,077,851,654.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in HLT. State Street Corp boosted its stake in shares of Hilton Worldwide Holdings by 141.6% in the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after purchasing an additional 4,609,697 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide Holdings by 46.3% in the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after purchasing an additional 4,302,706 shares during the period. Capital International Investors purchased a new position in shares of Hilton Worldwide Holdings in the third quarter valued at $267,430,000. JPMorgan Chase & Co. boosted its stake in shares of Hilton Worldwide Holdings by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after purchasing an additional 2,035,463 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Hilton Worldwide Holdings by 13.7% in the second 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. Institutional investors and hedge funds own 99.29% of the company’s stock.

Shares of Hilton Worldwide Holdings (NYSE HLT) opened at $74.31 on Tuesday. Hilton Worldwide Holdings has a 52-week low of $50.17 and a 52-week high of $74.63. The stock has a market cap of $23,710.00, a price-to-earnings ratio of 34.31, a PEG ratio of 7.79 and a beta of 1.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53.

Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. research analysts forecast that Hilton Worldwide Holdings will post 1.9 EPS for the current fiscal year.

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

Hilton Worldwide Holdings declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several equities analysts recently issued reports on HLT shares. FBR & Co reissued a “neutral” rating and set a $73.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday, October 26th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, September 27th. Berenberg Bank reissued a “sell” rating and set a $47.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. Finally, Barclays PLC upped their price objective on shares of Hilton Worldwide Holdings from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price 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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