Hilton Worldwide Holdings Inc. (NYSE:HLT) – Analysts at SunTrust Banks raised their Q3 2017 earnings estimates for Hilton Worldwide Holdings in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Scholes now expects that the company will earn $0.50 per share for the quarter, up from their prior estimate of $0.49.
Several other research firms also recently commented on HLT. TheStreet downgraded shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research report on Friday, June 30th. Berenberg Bank reissued a “sell” rating and issued a $47.00 target price on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Telsey Advisory Group boosted their target price on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG boosted their target price on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.39.
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Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Zacks’ 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in Hilton Worldwide Holdings during the fourth quarter valued at approximately $5,938,000. Chevy Chase Trust Holdings Inc. bought a new position in Hilton Worldwide Holdings during the second quarter valued at approximately $10,918,000. Macquarie Group Ltd. boosted its position in Hilton Worldwide Holdings by 1,393.3% in the fourth quarter. Macquarie Group Ltd. now owns 179,200 shares of the company’s stock valued at $4,873,000 after buying an additional 167,200 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Hilton Worldwide Holdings by 7.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,733,825 shares of the company’s stock valued at $47,161,000 after buying an additional 118,997 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new position in Hilton Worldwide Holdings during the second quarter valued at approximately $6,145,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
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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