Signature Estate & Investment Advisors LLC purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 254,374 shares of the company’s stock, valued at approximately $17,666,000. Hilton Worldwide Holdings accounts for about 2.0% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Signature Estate & Investment Advisors LLC owned about 0.08% of Hilton Worldwide Holdings as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in Hilton Worldwide Holdings in the second quarter worth $2,405,000. Schwab Charles Investment Management Inc. lifted its position in Hilton Worldwide Holdings by 131.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after buying an additional 421,910 shares during the period. Principal Financial Group Inc. lifted its position in Hilton Worldwide Holdings by 10.6% during the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after buying an additional 329,412 shares during the period. Alliancebernstein L.P. lifted its position in Hilton Worldwide Holdings by 540.5% during the second quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock valued at $63,574,000 after buying an additional 867,400 shares during the period. Finally, Andra AP fonden increased its holdings in shares of Hilton Worldwide Holdings by 436.2% during the second quarter. Andra AP fonden now owns 21,800 shares of the company’s stock valued at $1,348,000 after acquiring an additional 17,734 shares in the last quarter. 99.29% of the stock is owned by institutional investors.
Shares of Hilton Worldwide Holdings Inc. (HLT) traded down $0.07 during mid-day trading on Tuesday, reaching $72.62. The company’s stock had a trading volume of 1,819,800 shares, compared to its average volume of 2,700,639. The stock has a market capitalization of $23,257.27, a P/E ratio of 33.65, a P/E/G ratio of 7.64 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc. has a 52 week low of $48.53 and a 52 week high of $73.76.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 1.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 545.45%.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction that occurred 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 SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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A number of research firms have issued reports on HLT. Telsey Advisory Group boosted their price target on Hilton Worldwide Holdings from $67.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $78.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, October 27th. FBR & Co cut Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $73.21.
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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