Comerica Bank decreased its position in Hilton Worldwide Holdings Inc (NYSE:HLT) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,149 shares of the company’s stock after selling 1,059 shares during the quarter. Comerica Bank’s holdings in Hilton Worldwide were worth $4,560,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HLT. Parametric Portfolio Associates LLC raised its position in shares of Hilton Worldwide by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 110,532 shares of the company’s stock valued at $6,836,000 after purchasing an additional 7,142 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hilton Worldwide by 24.1% in the second quarter. Dimensional Fund Advisors LP now owns 767,938 shares of the company’s stock valued at $47,500,000 after purchasing an additional 148,988 shares during the period. QS Investors LLC raised its position in shares of Hilton Worldwide by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after purchasing an additional 2,084 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Hilton Worldwide by 1,589.5% in the second quarter. The Manufacturers Life Insurance Company now owns 237,685 shares of the company’s stock valued at $14,701,000 after purchasing an additional 223,617 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Hilton Worldwide in the second quarter valued at approximately $219,000. 99.29% of the stock is currently owned by institutional investors.
Shares of Hilton Worldwide Holdings Inc (NYSE HLT) opened at $85.97 on Thursday. Hilton Worldwide Holdings Inc has a 52 week low of $55.79 and a 52 week high of $88.11. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $27,510.00, a price-to-earnings ratio of 859.70, a price-to-earnings-growth ratio of 6.11 and a beta of 1.32.
Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently commented on the stock. B. Riley reissued a “neutral” rating on shares of Hilton Worldwide in a research report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $78.00 price target on shares of Hilton Worldwide in a research report on Friday, October 27th. Telsey Advisory Group raised their price objective on shares of Hilton Worldwide from $67.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Goldman Sachs Group downgraded shares of Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, November 14th. Finally, Wells Fargo & Co downgraded shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price objective on the stock. in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Hilton Worldwide has an average rating of “Buy” and an average target price of $76.18.
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Hilton Worldwide 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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