OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Hilton Worldwide Holdings Inc (NYSE:HLT) by 63.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,532 shares of the company’s stock after acquiring an additional 3,700 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Hilton Worldwide were worth $761,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $267,430,000. JPMorgan Chase & Co. boosted its stake in shares of 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 period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $73,431,000. BlackRock Inc. boosted its stake 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 valued at $1,028,303,000 after buying an additional 862,504 shares during the period. Finally, Capital Bank & Trust Co purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $56,238,000. 98.69% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on HLT. Royal Bank of Canada lifted their price objective on Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. SunTrust Banks lifted their price objective on Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo lifted their price objective on Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, B. Riley reiterated a “neutral” rating and issued a $84.00 price objective (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.89.
Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Hilton Worldwide had a return on equity of 39.37% and a net margin of 13.77%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. analysts forecast that Hilton Worldwide Holdings Inc will post 2.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 1st. Hilton Worldwide’s payout ratio is 15.42%.
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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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