Two Sigma Advisers LP Buys 661,206 Shares of Hilton Worldwide Holdings Inc (HLT)
Two Sigma Advisers LP lifted its stake in Hilton Worldwide Holdings Inc (NYSE:HLT) by 203.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 986,040 shares of the company’s stock after purchasing an additional 661,206 shares during the quarter. Two Sigma Advisers LP’s holdings in Hilton Worldwide were worth $78,745,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. IFM Investors Pty Ltd purchased a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $407,000. Conning Inc. purchased a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $312,000. ACG Wealth purchased a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $1,184,000. Capital International Ltd. CA purchased a new position in Hilton Worldwide during the 3rd quarter valued at $7,655,000. Finally, Bank of Montreal Can boosted its holdings in Hilton Worldwide by 29.3% during the 4th quarter. Bank of Montreal Can now owns 160,934 shares of the company’s stock valued at $12,853,000 after acquiring an additional 36,505 shares during the period. Hedge funds and other institutional investors own 98.70% of the company’s stock.
HLT has been the subject of a number of recent analyst reports. Argus boosted their price objective on Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a report on Wednesday, January 3rd. Morgan Stanley cut Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective for the company. in a report on Wednesday, January 17th. Goldman Sachs Group cut Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective for the company. in a report on Tuesday, November 14th. Barclays restated a “hold” rating and set a $88.00 price objective on shares of Hilton Worldwide in a report on Friday, February 16th. Finally, Wells Fargo & Co boosted their price objective on Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $80.89.
Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. sell-side analysts predict that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current fiscal year.
Hilton Worldwide announced that its Board of Directors has authorized a stock buyback program on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, March 1st. Hilton Worldwide’s dividend payout ratio is 15.42%.
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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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