OxFORD Asset Management LLP increased its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 63,281 shares of the company’s stock after acquiring an additional 5,926 shares during the period. OxFORD Asset Management LLP’s holdings in Hilton Worldwide were worth $4,395,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. QS Investors LLC boosted its position in shares of Hilton Worldwide by 749.6% during the second 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. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth $151,000. Commonwealth Bank of Australia boosted its position in shares of Hilton Worldwide by 255.9% during the second 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. Hilton Capital Management LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth $208,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Hilton Worldwide during the third quarter worth $208,000. Institutional investors own 99.19% of the company’s stock.
In other Hilton Worldwide news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $0.41 earnings per share. Hilton Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts expect that Hilton Worldwide Holdings Inc will post 1.9 earnings per share for the current fiscal year.
Hilton Worldwide announced that its board has authorized 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, November 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, November 16th. Hilton Worldwide’s dividend payout ratio is presently 545.45%.
Several research analysts have recently commented on HLT shares. SunTrust Banks restated a “buy” rating and set a $67.00 price target on shares of Hilton Worldwide in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Wednesday, September 27th. Royal Bank of Canada restated a “buy” rating and set a $70.00 price target on shares of Hilton Worldwide in a research report on Friday, September 22nd. Robert W. Baird restated a “buy” rating and set a $78.00 price target on shares of Hilton Worldwide in a research report on Friday, October 27th. Finally, Goldman Sachs Group lowered Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price target for the company. in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Hilton Worldwide currently has a consensus rating of “Buy” and an average target price of $72.47.
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Hilton Worldwide 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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