State Street Corp raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 141.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,865,113 shares of the company’s stock after purchasing an additional 4,609,697 shares during the quarter. State Street Corp owned 2.43% of Hilton Worldwide Holdings worth $486,454,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Gotham Asset Management LLC grew its stake in shares of Hilton Worldwide Holdings by 1,083.9% during the 2nd quarter. Gotham Asset Management LLC now owns 633,106 shares of the company’s stock valued at $39,158,000 after purchasing an additional 579,629 shares during the period. Janus Henderson Group PLC grew its stake in shares of Hilton Worldwide Holdings by 3,536.4% during the 2nd quarter. Janus Henderson Group PLC now owns 882,454 shares of the company’s stock valued at $54,579,000 after acquiring an additional 858,187 shares during the period. Land & Buildings Investment Management LLC bought a new position in shares of Hilton Worldwide Holdings during the 2nd quarter valued at approximately $17,955,000. AHL Partners LLP grew its stake in shares of Hilton Worldwide Holdings by 20.6% during the 2nd quarter. AHL Partners LLP now owns 17,450 shares of the company’s stock valued at $1,079,000 after acquiring an additional 2,979 shares during the period. Finally, Clinton Group Inc. bought a new position in shares of Hilton Worldwide Holdings during the 2nd quarter valued at approximately $4,531,000. Institutional investors and hedge funds own 99.29% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) opened at 70.38 on Friday. The stock has a market capitalization of $22.82 billion, a PE ratio of 586.50 and a beta of 1.30. The stock’s 50 day moving average price is $66.92 and its 200 day moving average price is $63.25. Hilton Worldwide Holdings Inc. has a one year low of $44.73 and a one year high of $70.50.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, August 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 461.33%.
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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 transaction of $1,077,851,654.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC boosted their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Berenberg Bank reiterated a “sell” rating and set a $47.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Monday, July 31st. Finally, Telsey Advisory Group boosted their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a research note on Wednesday, July 26th. One 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 company. The company presently has an average rating of “Buy” and a consensus target price of $71.31.
Hilton Worldwide Holdings 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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