Royal Bank of Canada reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 87.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,976 shares of the company’s stock after selling 249,235 shares during the period. Royal Bank of Canada’s holdings in Hilton Worldwide Holdings were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Hilton Worldwide Holdings by 46.3% in the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after acquiring an additional 4,302,706 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hilton Worldwide Holdings by 13.7% in the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after acquiring an additional 1,448,078 shares in the last quarter. FMR LLC raised its stake in shares of Hilton Worldwide Holdings by 2.6% in the second quarter. FMR LLC now owns 3,910,463 shares of the company’s stock valued at $241,862,000 after acquiring an additional 98,978 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hilton Worldwide Holdings by 49.5% in the second quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock valued at $215,173,000 after acquiring an additional 1,152,164 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide Holdings by 10.6% in the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after acquiring an additional 329,412 shares in the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.
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Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 71.91 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $45.45 and a 52-week high of $72.93. The stock’s 50 day moving average price is $69.15 and its 200-day moving average price is $64.31. The firm has a market cap of $23.31 billion, a PE ratio of 599.25 and a beta of 1.30.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 23.81%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post $1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 545.45%.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Several analysts have recently issued reports on HLT shares. Berenberg Bank reiterated a “sell” rating and issued a $47.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. Barclays PLC increased their price objective on Hilton Worldwide Holdings from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday. Telsey Advisory Group increased 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. FBR & Co reiterated a “neutral” rating and issued a $73.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday. Finally, BidaskClub upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $72.78.
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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