Confluence Investment Management LLC boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,099 shares of the company’s stock after buying an additional 18,422 shares during the period. Confluence Investment Management LLC’s holdings in Hilton Worldwide Holdings were worth $2,751,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Hilton Worldwide Holdings by 190.0% in the first quarter. Aperio Group LLC now owns 87,207 shares of the company’s stock worth $1,964,000 after buying an additional 57,132 shares during the last quarter. Nisa Investment Advisors L.L.C. purchased a new stake in shares of Hilton Worldwide Holdings during the first quarter worth about $676,000. Ngam Advisors L.P. boosted its stake in shares of Hilton Worldwide Holdings by 21.7% in the first quarter. Ngam Advisors L.P. now owns 140,241 shares of the company’s stock worth $3,158,000 after buying an additional 25,040 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Hilton Worldwide Holdings by 11.0% in the first quarter. BlackRock Inc. now owns 465,103 shares of the company’s stock worth $10,474,000 after buying an additional 46,146 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Hilton Worldwide Holdings by 1.4% in the first quarter. BlackRock Group LTD now owns 2,811,307 shares of the company’s stock worth $63,311,000 after buying an additional 37,869 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded up 0.48% on Tuesday, reaching $23.06. The company had a trading volume of 3,653,375 shares. Hilton Worldwide Holdings Inc. has a 12 month low of $16.16 and a 12 month high of $26.27. The firm has a market capitalization of $22.82 billion, a PE ratio of 13.89 and a beta of 1.25. The company’s 50-day moving average is $23.63 and its 200 day moving average is $22.62.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.06 billion. Hilton Worldwide Holdings had a net margin of 14.20% and a return on equity of 14.59%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post $0.90 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, August 17th. Hilton Worldwide Holdings’s dividend payout ratio is 16.97%.
HLT has been the subject of a number of research reports. Jefferies Group reiterated a “hold” rating on shares of Hilton Worldwide Holdings in a report on Thursday, June 2nd. TheStreet upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Deutsche Bank AG reissued a “buy” rating and set a $27.00 price target on shares of Hilton Worldwide Holdings in a research report on Monday, June 27th. Zacks Investment Research lowered Hilton Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Wolfe Research started coverage on Hilton Worldwide Holdings in a research report on Wednesday, July 6th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company’s stock. Hilton Worldwide Holdings has a consensus rating of “Buy” and an average price target of $26.71.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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