Quadrant Capital Group LLC raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 33.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,308 shares of the company’s stock after acquiring an additional 330 shares during the period. Quadrant Capital Group LLC’s holdings in Hilton Worldwide were worth $198,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of HLT. D1 Capital Partners L.P. bought a new position in Hilton Worldwide during the 4th quarter valued at $400,946,000. Norges Bank bought a new position in Hilton Worldwide during the 4th quarter valued at $364,271,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Hilton Worldwide during the 4th quarter worth $352,916,000. Victory Capital Management Inc. raised its stake in shares of Hilton Worldwide by 1,550.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,515,393 shares of the company’s stock worth $236,385,000 after purchasing an additional 1,423,583 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Hilton Worldwide by 51.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,414,896 shares of the company’s stock worth $532,690,000 after purchasing an additional 1,166,606 shares during the period. 97.94% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on HLT shares. Barclays started coverage on Hilton Worldwide in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. UBS Group lifted their target price on Hilton Worldwide from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Monday, July 11th. Finally, Cowen decreased their price objective on Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $151.00.
Hilton Worldwide Stock Down 0.6 %
HLT stock opened at $130.32 on Friday. The firm has a market capitalization of $35.75 billion, a PE ratio of 37.77, a PEG ratio of 0.59 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a twelve month low of $108.41 and a twelve month high of $167.99. The stock has a 50-day simple moving average of $122.83 and a two-hundred day simple moving average of $138.20.
Hilton Worldwide (NYSE:HLT – Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.24. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.10 billion. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The company’s quarterly revenue was up 68.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.36 EPS for the current fiscal year.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.46%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 17.39%.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
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