CNA Financial Corp continued to hold its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,092 shares of the company’s stock at the end of the 2nd quarter. CNA Financial Corp’s holdings in Hilton Worldwide Holdings were worth $1,861,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NorthCoast Asset Management LLC bought a new stake in Hilton Worldwide Holdings in the 2nd quarter valued at $719,000. Alliancebernstein L.P. boosted its stake in Hilton Worldwide Holdings by 540.5% in the 2nd quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock valued at $63,574,000 after purchasing an additional 867,400 shares during the period. Eaton Vance Management raised its holdings in Hilton Worldwide Holdings by 400.9% in the 2nd quarter. Eaton Vance Management now owns 50,473 shares of the company’s stock valued at $3,122,000 after acquiring an additional 40,397 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Hilton Worldwide Holdings by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Hilton Worldwide Holdings in the 2nd quarter valued at $4,010,000. Institutional investors and hedge funds own 99.27% of the company’s stock.
HLT has been the subject of several analyst reports. Argus initiated coverage on Hilton Worldwide Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $80.00 price objective for the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.00 price objective (up from $67.00) on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. Royal Bank Of Canada lifted their price objective on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, June 12th. UBS AG lifted their price objective on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub cut Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $71.53.
Hilton Worldwide Holdings Inc. (NYSE HLT) traded down 0.12% during trading on Tuesday, hitting $65.87. The stock had a trading volume of 90,236 shares. Hilton Worldwide Holdings Inc. has a 52 week low of $45.32 and a 52 week high of $67.79. The company has a 50-day moving average of $62.74 and a 200-day moving average of $61.47. The stock has a market capitalization of $21.36 billion, a P/E ratio of 548.92 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 20.3% compared to the same quarter last year. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 461.33%.
Hilton Worldwide Holdings 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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