Hilton Worldwide Holdings Inc. (HLT) Position Decreased by AMP Capital Investors Ltd
AMP Capital Investors Ltd trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 712,318 shares of the company’s stock after selling 97,100 shares during the period. AMP Capital Investors Ltd owned 0.22% of Hilton Worldwide worth $49,470,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Hilton Worldwide by 46.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after acquiring an additional 4,302,706 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Hilton Worldwide by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after acquiring an additional 2,035,463 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hilton Worldwide by 13.7% in the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after acquiring an additional 1,448,078 shares in the last quarter. State Street Corp raised its stake in shares of Hilton Worldwide by 141.6% in the 2nd quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after acquiring an additional 4,609,697 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 29.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after acquiring an additional 999,899 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down $0.03 during midday trading on Wednesday, reaching $77.63. The company’s stock had a trading volume of 1,493,400 shares, compared to its average volume of 2,650,180. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. The company has a market cap of $24,847.43, a P/E ratio of 35.95, a P/E/G ratio of 8.16 and a beta of 1.33. Hilton Worldwide Holdings Inc. has a 52 week low of $52.80 and a 52 week high of $78.62.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $2.28 billion. During the same quarter last year, the firm earned $0.41 EPS. Hilton Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide’s payout ratio is presently 545.45%.
Hilton Worldwide announced that its Board of Directors has approved a stock buyback plan on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of brokerages recently weighed in on HLT. Goldman Sachs Group downgraded Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, November 14th. B. Riley reissued a “neutral” rating on shares of Hilton Worldwide in a research note on Wednesday, November 1st. Wells Fargo & Company downgraded Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $78.00 price objective on the stock. in a research note on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price objective on shares of Hilton Worldwide in a research note on Friday, October 27th. Finally, Barclays lifted their price target on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.47.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.
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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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