Allen Investment Management LLC Buys Shares of 9,546 Hilton Worldwide Holdings Inc. (HLT)
Allen Investment Management LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,546 shares of the company’s stock, valued at approximately $590,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creative Planning raised its position in Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares in the last quarter. Cadence Capital Management LLC raised its position in Hilton Worldwide Holdings by 0.3% in the second quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock worth $349,000 after buying an additional 19 shares in the last quarter. Pacer Advisors Inc. raised its position in Hilton Worldwide Holdings by 29.7% in the second quarter. Pacer Advisors Inc. now owns 5,697 shares of the company’s stock worth $352,000 after buying an additional 1,306 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Hilton Worldwide Holdings during the second quarter worth $414,000. Finally, State of Alaska Department of Revenue raised its position in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 64.32 on Thursday. The firm has a 50 day moving average price of $62.28 and a 200 day moving average price of $61.05. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 536.00 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $45.32 and a 52 week high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is 461.33%.
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HLT has been the topic of a number of recent research reports. Bank of America Corporation restated a “buy” rating and issued a $73.00 target price (up previously from $67.00) on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. Argus started coverage on Hilton Worldwide Holdings in a report on Monday, June 5th. They set a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, May 5th. Deutsche Bank AG lifted their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Finally, UBS AG lifted their price target on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $71.89.
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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