Grassi Investment Management continued to hold its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,950 shares of the company’s stock at the end of the second quarter. Grassi Investment Management’s holdings in Hilton Worldwide Holdings were worth $615,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Westpac Banking Corp raised its stake in shares of Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after buying an additional 87,466 shares during the last quarter. Macquarie Group Ltd. raised 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 worth $4,873,000 after buying an additional 167,200 shares in the last quarter. UBS Asset Management Americas Inc. raised 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 worth $47,161,000 after buying an additional 118,997 shares in the last quarter. Brookfield Asset Management Inc. raised its position in Hilton Worldwide Holdings by 4.8% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,520,492 shares of the company’s stock worth $95,757,000 after buying an additional 159,665 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Hilton Worldwide Holdings during the fourth quarter worth $1,813,000.
Hilton Worldwide Holdings Inc. (HLT) opened at 62.46 on Friday. The stock has a market cap of $20.54 billion, a PE ratio of 189.27 and a beta of 1.30. The firm has a 50 day moving average of $63.51 and a 200-day moving average of $60.37. Hilton Worldwide Holdings Inc. has a 52-week low of $45.32 and a 52-week high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a net margin of 1.02% and a return on equity of 16.50%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post $1.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hilton Worldwide Holdings’s payout ratio is 461.33%.
A number of research analysts recently weighed in on the stock. Argus began coverage on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. They issued a “buy” rating and a $80.00 price objective for the company. Bank of America Corporation reissued a “buy” rating and issued a $73.00 price target (up from $67.00) on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. UBS AG raised their price target on shares of Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.33.
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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