Land & Buildings Investment Management LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 35.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,000 shares of the company’s stock after selling 103,300 shares during the period. Hilton Worldwide Holdings comprises 3.2% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 10th largest position. Land & Buildings Investment Management LLC owned 0.06% of Hilton Worldwide Holdings worth $12,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. QS Investors LLC increased its stake in Hilton Worldwide Holdings by 749.6% in the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Hilton Worldwide Holdings in the 3rd quarter worth approximately $151,000. Commonwealth Bank of Australia increased its stake in Hilton Worldwide Holdings by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after purchasing an additional 2,173 shares during the period. Hilton Capital Management LLC purchased a new position in Hilton Worldwide Holdings in the 3rd quarter worth approximately $208,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Hilton Worldwide Holdings in the 2nd quarter worth approximately $219,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
In other Hilton Worldwide Holdings news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) traded up $1.58 during mid-day trading on Tuesday, reaching $75.89. The company had a trading volume of 1,264,235 shares, compared to its average volume of 2,685,782. The stock has a market capitalization of $23,710.00, a PE ratio of 34.31, a price-to-earnings-growth ratio of 7.79 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $50.17 and a 12 month high of $74.63. 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 Holdings (NYSE:HLT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. equities research analysts predict that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.
Hilton Worldwide Holdings announced that its board has approved a stock buyback program on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is 600.00%.
A number of equities analysts have commented on the company. Wells Fargo & Company cut Hilton Worldwide Holdings from an “outperform” rating to a “market perform” rating and set a $78.00 price target on the stock. in a research note on Monday, November 6th. Goldman Sachs Group, Inc. (The) cut Hilton Worldwide Holdings from a “conviction-buy” rating to a “buy” rating and set a $80.00 price target on the stock. in a research note on Tuesday, November 14th. B. Riley reaffirmed a “neutral” rating on shares of Hilton Worldwide Holdings in a research note on Wednesday, November 1st. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Thursday, October 26th. Finally, Robert W. Baird reissued a “buy” rating and set a $78.00 target price on shares of Hilton Worldwide Holdings in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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