Seven Eight Capital LP purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,104 shares of the company’s stock, valued at approximately $6,501,000. Hilton Worldwide Holdings makes up 0.9% of Seven Eight Capital LP’s holdings, making the stock its 11th biggest holding.
A number of other large investors also recently modified their holdings of the stock. NorthCoast Asset Management LLC acquired a new stake in Hilton Worldwide Holdings during the second quarter worth approximately $719,000. Alliancebernstein L.P. grew its position in Hilton Worldwide Holdings by 540.5% during the second quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock worth $63,574,000 after buying an additional 867,400 shares in the last quarter. Eaton Vance Management grew its position in Hilton Worldwide Holdings by 400.9% during the second quarter. Eaton Vance Management now owns 50,473 shares of the company’s stock worth $3,122,000 after buying an additional 40,397 shares in the last quarter. Commonwealth Bank of Australia grew its position in Hilton Worldwide Holdings by 255.9% during the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after buying an additional 2,173 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Hilton Worldwide Holdings during the second quarter worth approximately $4,010,000. 99.27% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) traded down 0.29% on Tuesday, hitting $65.76. The stock had a trading volume of 256,933 shares. The firm has a 50-day moving average of $62.74 and a 200 day moving average of $61.47. The company has a market capitalization of $21.32 billion, a PE ratio of 548.00 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1-year low of $45.32 and a 1-year high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.
The business also recently announced 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 of this dividend is Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.91%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 461.33%.
HLT has been the topic of a number of analyst reports. Argus initiated coverage on Hilton Worldwide Holdings in a research report on Monday, June 5th. They set a “buy” rating and a $80.00 price target on the stock. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.00 target price (up previously from $67.00) on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. Royal Bank Of Canada raised their target price 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 raised their target price 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 downgraded Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Hilton Worldwide Holdings has an average rating of “Buy” and a consensus target price of $71.53.
Hilton Worldwide Holdings 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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