Ameriprise Financial Inc. lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 65.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 394,834 shares of the company’s stock after selling 733,435 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.12% of Hilton Worldwide worth $27,429,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HLT. QS Investors LLC increased its position in shares of Hilton Worldwide by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after acquiring an additional 2,084 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $151,000. Commonwealth Bank of Australia increased its position in shares of Hilton Worldwide by 255.9% in the second 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 during the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $208,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the second quarter valued at about $219,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Hilton Worldwide Holdings Inc. (HLT) traded down $0.88 during trading on Thursday, hitting $76.75. The stock had a trading volume of 1,434,900 shares, compared to its average volume of 2,645,009. Hilton Worldwide Holdings Inc. has a 52 week low of $52.80 and a 52 week high of $78.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of $24,837.82, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 8.16 and a beta of 1.33.
Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 1.9 EPS for the current year.
Hilton Worldwide declared that its board has approved a stock repurchase plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide’s payout ratio is 545.45%.
A number of analysts recently issued reports on the company. Telsey Advisory Group lifted their target price on Hilton Worldwide from $67.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of Hilton Worldwide in a research report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $78.00 price target on shares of Hilton Worldwide in a research report on Friday, October 27th. FBR & Co downgraded Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Hilton Worldwide from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.47.
Hilton Worldwide 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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