Virtu Financial LLC lessened its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,237 shares of the company’s stock after selling 4,813 shares during the period. Virtu Financial LLC’s holdings in Hilton Worldwide were worth $738,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Hilton Worldwide by 7.2% in the 4th quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock worth $1,028,303,000 after acquiring an additional 862,504 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Hilton Worldwide by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after buying an additional 2,035,463 shares during the last quarter. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 29.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after buying an additional 999,899 shares during the last quarter. Pzena Investment Management LLC increased its stake in Hilton Worldwide by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 4,171,275 shares of the company’s stock valued at $289,695,000 after buying an additional 18,395 shares during the last quarter. Finally, Capital International Investors purchased a new stake in Hilton Worldwide in the 3rd quarter valued at about $267,430,000. Institutional investors own 99.29% of the company’s stock.
Several equities research analysts have commented on the stock. B. Riley reiterated a “neutral” rating on shares of Hilton Worldwide in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $93.00 price objective on shares of Hilton Worldwide in a research note on Tuesday. Zacks Investment Research lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Co increased their price objective on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $80.44.
Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 23.9% compared to the same quarter last year. sell-side analysts anticipate that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 1st. Hilton Worldwide’s dividend payout ratio is currently 32.97%.
Hilton Worldwide declared that its board has authorized a share buyback plan on Thursday, November 16th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
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Hilton Worldwide Company 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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