Schwab Charles Investment Management Inc. raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 131.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 743,199 shares of the company’s stock after purchasing an additional 421,910 shares during the period. Schwab Charles Investment Management Inc. owned about 0.23% of Hilton Worldwide Holdings worth $45,967,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Hilton Worldwide Holdings in the second quarter worth approximately $10,918,000. Westpac Banking Corp raised its position in Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after purchasing an additional 87,466 shares during the period. Strs Ohio raised its position in Hilton Worldwide Holdings by 102.3% in the second quarter. Strs Ohio now owns 171,017 shares of the company’s stock valued at $10,577,000 after purchasing an additional 86,474 shares during the period. LS Investment Advisors LLC raised its position in Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock valued at $468,000 after purchasing an additional 5,461 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock valued at $417,000 after purchasing an additional 2,750 shares during the period. 99.27% of the stock is currently owned by institutional investors.
HLT has been the topic of several research analyst reports. Argus initiated coverage on Hilton Worldwide Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $80.00 price objective on the stock. Bank of America Corporation reissued a “buy” rating and set a $73.00 target price (up from $67.00) on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. Royal Bank Of Canada boosted their target price on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. UBS AG boosted their target price on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, BidaskClub cut Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Hilton Worldwide Holdings presently has an average rating of “Buy” and a consensus price target of $70.94.
Hilton Worldwide Holdings Inc. (HLT) opened at 66.63 on Friday. The company has a 50 day moving average price of $63.28 and a 200 day moving average price of $61.69. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 555.25 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $44.73 and a 12 month high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. Hilton Worldwide Holdings’s payout ratio is 461.33%.
About Hilton Worldwide Holdings
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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