Arrowstreet Capital Limited Partnership purchased a new stake in Hilton Worldwide Holdings Inc (NYSE:HLT) in the 4th quarter, Holdings Channel reports. The firm purchased 919,495 shares of the company’s stock, valued at approximately $73,431,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. QS Investors LLC lifted its stake in shares of Hilton Worldwide by 749.6% in the 2nd 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 in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $151,000. Hilton Capital Management LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $208,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $208,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $219,000. Institutional investors own 99.29% of the company’s stock.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. SunTrust Banks lifted their price objective on Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo & Co lifted their price objective on Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $80.61.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.44 by $0.10. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.24 billion. Hilton Worldwide had a return on equity of 39.89% and a net margin of 7.72%. Hilton Worldwide’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. analysts predict that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current fiscal year.
Hilton Worldwide declared that its Board of Directors has initiated a share buyback plan on Thursday, November 16th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 2nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, March 1st. Hilton Worldwide’s payout ratio is 32.97%.
About Hilton Worldwide
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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