2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC decreased its stake in Hilton Worldwide Holdings Inc. ( NYSE:HLT – Free Report ) by 81.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 34,155 shares of the company’s stock after selling 151,854 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Hilton Worldwide were worth $7,453,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Massachusetts Financial Services Co. MA grew its position in shares of Hilton Worldwide by 36.9% during the second quarter.
Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors grew its position in shares of Hilton Worldwide by 66.
3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co.
grew its position in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co.
now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. Gray Foundation purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $133,229,000. Finally, PineStone Asset Management Inc.
purchased a new stake in shares of Hilton Worldwide during the second quarter worth about $98,607,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Wall Street Analysts Forecast Growth HLT has been the subject of several research analyst reports. Bank of America increased their target price on Hilton Worldwide from $225.00 to $230.
00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Truist Financial cut their target price on Hilton Worldwide from $209.00 to $208.
00 and set a “hold” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $200.
00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Robert W.
Baird cut their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th.
Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective for the company.
Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $213.
95. Hilton Worldwide Price Performance Shares of NYSE:HLT opened at $234.37 on Friday.
The business’s 50-day moving average is $215.40 and its 200 day moving average is $210.59.
Hilton Worldwide Holdings Inc. has a 1 year low of $146.35 and a 1 year high of $235.
67. The firm has a market capitalization of $58.60 billion, a P/E ratio of 50.
95, a P/E/G ratio of 2.46 and a beta of 1.31.
Hilton Worldwide ( NYSE:HLT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
86 by $0.05. The business had revenue of $2.
95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.
65% and a net margin of 11.20%. The company’s revenue was up 10.
9% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 earnings per share.
On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.
Hilton Worldwide Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were issued a $0.15 dividend.
This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%.
The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is presently 13.04%.
Insider Activity In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.
00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Corporate insiders own 2.50% of the company’s stock. Hilton Worldwide Company Profile ( Free Report ) Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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