Raymond James & Associates Increases Position in Hilton Worldwide (NYSE:HLT)

Raymond James & Associates lifted its stake in shares of Hilton Worldwide (NYSE:HLT) by 29.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,292 shares of the company’s stock after buying an additional 3,931 shares during the quarter. Raymond James & Associates’ holdings in Hilton Worldwide were worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HLT. Lombard Odier Asset Management Europe Ltd acquired a new stake in Hilton Worldwide in the 4th quarter valued at $208,000. Atria Investments LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $292,000. Conning Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at $312,000. Delpha Capital Management LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $312,000. Finally, CAPROCK Group Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at $314,000. 98.79% of the stock is owned by institutional investors.

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In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

HLT has been the subject of several research reports. Argus lifted their price target on shares of Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, January 3rd. Morgan Stanley downgraded shares of Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a research report on Wednesday, January 17th. Barclays reissued a “hold” rating and issued a $88.00 price target on shares of Hilton Worldwide in a research report on Friday, February 16th. Wells Fargo lifted their price objective on shares of Hilton Worldwide from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Finally, SunTrust Banks lifted their price objective on shares of Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Hilton Worldwide presently has a consensus rating of “Buy” and a consensus target price of $83.00.

NYSE HLT opened at $82.04 on Wednesday. The firm has a market cap of $25,950.13, a PE ratio of 41.04, a price-to-earnings-growth ratio of 6.22 and a beta of 1.33. Hilton Worldwide has a one year low of $58.12 and a one year high of $88.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.16.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, February 14th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a return on equity of 39.37% and a net margin of 13.77%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. sell-side analysts forecast that Hilton Worldwide will post 2.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, March 1st. Hilton Worldwide’s dividend payout ratio is currently 30.00%.

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About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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