First Trust Advisors LP grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,323 shares of the company’s stock after purchasing an additional 2,090 shares during the quarter. First Trust Advisors LP owned about 0.08% of Hilton Worldwide Holdings worth $17,593,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. QS Investors LLC grew its position in shares of Hilton Worldwide Holdings by 749.6% in the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares during the period. Commonwealth Bank of Australia grew its position in shares of Hilton Worldwide Holdings by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after buying an additional 2,173 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Hilton Worldwide Holdings in the 2nd quarter worth about $219,000. Creative Planning grew its position in shares of Hilton Worldwide Holdings by 51.7% in the 2nd quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares during the period. Finally, Fiduciary Trust Co. purchased a new stake in shares of Hilton Worldwide Holdings in the 2nd quarter worth about $247,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
In other Hilton Worldwide Holdings news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Several brokerages recently commented on HLT. B. Riley reissued a “neutral” rating on shares of Hilton Worldwide Holdings in a research report on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) downgraded shares of Hilton Worldwide Holdings from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a research report on Tuesday. BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Robert W. Baird reaffirmed a “buy” rating and set a $78.00 price target on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. Finally, Telsey Advisory Group raised their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $73.21.
Shares of Hilton Worldwide Holdings Inc. (HLT) opened at $72.91 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $49.78 and a one year high of $73.76. The company has a market cap of $23,234.87, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 7.63 and a beta of 1.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business earned $0.41 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. equities analysts forecast that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide Holdings’s payout ratio is 545.45%.
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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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