Capital International Investors acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,850,690 shares of the company’s stock, valued at approximately $267,430,000. Capital International Investors owned approximately 1.20% of Hilton Worldwide as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in shares of Hilton Worldwide in the second quarter worth about $2,405,000. Schwab Charles Investment Management Inc. lifted its position in shares of Hilton Worldwide by 131.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock worth $45,967,000 after buying an additional 421,910 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hilton Worldwide by 10.6% in the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock worth $212,994,000 after buying an additional 329,412 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Hilton Worldwide by 540.5% in the second quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock worth $63,574,000 after buying an additional 867,400 shares in the last quarter. Finally, Andra AP fonden lifted its position in shares of Hilton Worldwide by 436.2% in the second quarter. Andra AP fonden now owns 21,800 shares of the company’s stock worth $1,348,000 after buying an additional 17,734 shares in the last quarter. Institutional investors and hedge funds own 99.20% of the company’s stock.
HLT has been the topic of a number of research analyst reports. FBR & Co reiterated a “neutral” rating and issued a $73.00 target price on shares of Hilton Worldwide in a research report on Thursday, October 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 target price on shares of Hilton Worldwide in a research report on Friday, September 22nd. Zacks Investment Research upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, September 27th. Barclays boosted their price objective on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Finally, Morgan Stanley reissued a “buy” rating on shares of Hilton Worldwide in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Hilton Worldwide presently has a consensus rating of “Buy” and a consensus target price of $72.47.
Hilton Worldwide Holdings Inc. (NYSE HLT) traded up $1.10 on Monday, hitting $78.38. The stock had a trading volume of 2,142,500 shares, compared to its average volume of 2,641,240. The company has a market capitalization of $25,077.79, a PE ratio of 36.29, a price-to-earnings-growth ratio of 8.24 and a beta of 1.33. Hilton Worldwide Holdings Inc. has a 1 year low of $52.80 and a 1 year high of $78.62. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94.
Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 1.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. Hilton Worldwide’s dividend payout ratio is 545.45%.
Hilton Worldwide declared that its board has approved a share repurchase plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
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Hilton Worldwide 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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