Hilton Worldwide Holdings Inc. (HLT) Position Boosted by Korea Investment CORP
Korea Investment CORP raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 291.1% during the second quarter, Holdings Channel reports. The firm owned 35,037 shares of the company’s stock after buying an additional 26,078 shares during the period. Korea Investment CORP’s holdings in Hilton Worldwide Holdings were worth $2,167,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HLT. National Pension Service increased its stake in Hilton Worldwide Holdings by 9.8% in the second quarter. National Pension Service now owns 219,217 shares of the company’s stock valued at $13,646,000 after buying an additional 19,481 shares in the last quarter. Westpac Banking Corp increased its stake in Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after buying an additional 87,466 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Hilton Worldwide Holdings by 13.0% in the second quarter. Gateway Investment Advisers LLC now owns 196,106 shares of the company’s stock valued at $12,129,000 after buying an additional 22,548 shares in the last quarter. Macquarie Group Ltd. increased its stake in Hilton Worldwide Holdings by 1,393.3% in the fourth quarter. Macquarie Group Ltd. now owns 179,200 shares of the company’s stock valued at $4,873,000 after buying an additional 167,200 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in Hilton Worldwide Holdings during the second quarter valued at about $10,918,000.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 61.75 on Tuesday. The firm’s 50-day moving average price is $62.31 and its 200 day moving average price is $60.80. Hilton Worldwide Holdings Inc. has a one year low of $45.32 and a one year high of $67.79. The stock has a market cap of $20.02 billion, a P/E ratio of 514.58 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue was up 20.3% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 461.33%.
Several research firms recently issued reports on HLT. Argus began coverage on Hilton Worldwide Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $80.00 price objective on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $73.00 price objective (up previously from $67.00) on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. UBS AG boosted their price objective on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. BidaskClub downgraded Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Royal Bank Of Canada boosted their price objective on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $72.06.
About Hilton Worldwide Holdings
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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