Caisse DE Depot ET Placement DU Quebec cut its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,166 shares of the company’s stock after selling 5,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Hilton Worldwide were worth $812,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HLT. Capital International Investors acquired a new position in Hilton Worldwide in the 3rd quarter valued at about $267,430,000. JPMorgan Chase & Co. raised its stake in Hilton Worldwide by 19.0% in the 3rd 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Hilton Worldwide in the 4th quarter valued at about $73,431,000. BlackRock Inc. raised its stake in Hilton Worldwide by 7.2% in the 4th quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock valued at $1,028,303,000 after purchasing an additional 862,504 shares during the last quarter. Finally, Capital Bank & Trust Co acquired a new position in Hilton Worldwide in the 3rd quarter valued at about $56,238,000. Institutional investors and hedge funds own 98.70% of the company’s stock.
Several brokerages recently weighed in on HLT. Royal Bank of Canada boosted their target price on shares of Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. SunTrust Banks boosted their target price on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo boosted their target price on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, B. Riley reissued a “neutral” rating and issued a $84.00 target price (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Hilton Worldwide has an average rating of “Buy” and an average target price of $80.89.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. sell-side analysts forecast that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 1st. Hilton Worldwide’s dividend payout ratio is currently 15.42%.
Hilton Worldwide 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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