Alps Advisors Inc. reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 20,907 shares of the company’s stock after selling 1,127 shares during the period. Alps Advisors Inc.’s holdings in Hilton Worldwide Holdings were worth $471,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Hilton Worldwide Holdings by 190.0% in the first quarter. Aperio Group LLC now owns 87,207 shares of the company’s stock valued at $1,964,000 after buying an additional 57,132 shares during the period. Nisa Investment Advisors L.L.C. purchased a new stake in shares of Hilton Worldwide Holdings during the first quarter worth approximately $676,000. Ngam Advisors L.P. raised 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. raised 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 raised 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. 99.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down 0.39% on Wednesday, hitting $22.74. The company had a trading volume of 4,998,225 shares. The stock has a market capitalization of $22.51 billion, a PE ratio of 13.70 and a beta of 1.25. The firm’s 50 day moving average price is $23.46 and its 200-day moving average price is $22.67. Hilton Worldwide Holdings Inc. has a 52 week low of $16.16 and a 52 week high of $26.27.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results 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 firm earned $3.05 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Hilton Worldwide Holdings had a net margin of 14.20% and a return on equity of 14.59%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Analysts forecast that Hilton Worldwide Holdings Inc. will post $0.90 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, August 17th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 16.97%.
A number of analysts have recently commented on the company. TheStreet lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Credit Agricole SA set a $27.00 price target on Hilton Worldwide Holdings and gave the company a “buy” rating in a research note on Wednesday, September 14th. Sanford C. Bernstein assumed coverage on Hilton Worldwide Holdings in a research note on Thursday, September 8th. They set a “market perform” rating and a $26.00 price target on the stock. Citigroup Inc. lifted their price target on Hilton Worldwide Holdings from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered Hilton Worldwide Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.71.
About Hilton Worldwide Holdings
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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