Capital International Ltd. CA purchased a new position in Hilton Worldwide Holdings Inc (NYSE:HLT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 110,219 shares of the company’s stock, valued at approximately $7,655,000.
Several other large investors have also added to or reduced their stakes in HLT. State Street Corp grew its holdings in shares of Hilton Worldwide by 141.6% during 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 last quarter. Vanguard Group Inc. grew its holdings in shares of Hilton Worldwide by 46.3% during 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 last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 19.0% during 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 last quarter. BlackRock Inc. grew its holdings in shares of Hilton Worldwide by 13.7% during 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Hilton Worldwide by 49.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock worth $215,173,000 after buying an additional 1,152,164 shares in the last quarter. Institutional investors and hedge funds own 99.20% of the company’s stock.
A number of equities analysts recently issued reports on HLT shares. Zacks Investment Research lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised Hilton Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Goldman Sachs Group lowered Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective for the company. in a report on Tuesday, November 14th. FBR & Co lowered Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Barclays increased their price objective on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Hilton Worldwide presently has an average rating of “Buy” and an average price target of $72.47.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the stock in a transaction on Wednesday, October 4th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Shares of Hilton Worldwide Holdings Inc (HLT) traded up $1.06 during trading hours on Friday, hitting $77.09. The stock had a trading volume of 3,690,000 shares, compared to its average volume of 1,950,000. Hilton Worldwide Holdings Inc has a one year low of $55.00 and a one year high of $78.62. The firm has a market cap of $24,670.00, a P/E ratio of 35.68, a PEG ratio of 8.10 and a beta of 1.33. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. research analysts expect that Hilton Worldwide Holdings Inc will post 1.9 earnings per share for the current fiscal year.
The business 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 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 0.78%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 600.00%.
Hilton Worldwide announced that its board has initiated a share buyback plan on Thursday, November 16th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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About Hilton Worldwide
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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