Hilton Worldwide Holdings Inc. (HLT) Position Boosted by American Century Companies Inc.
American Century Companies Inc. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 23.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,098,779 shares of the company’s stock after buying an additional 210,254 shares during the period. American Century Companies Inc. owned 0.34% of Hilton Worldwide Holdings worth $67,959,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Creative Planning boosted its stake in Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after buying an additional 1,269 shares in the last quarter. Cadence Capital Management LLC increased its position in Hilton Worldwide Holdings by 0.3% in the second quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock valued at $349,000 after buying an additional 19 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Hilton Worldwide Holdings during the second quarter valued at $414,000. State of Alaska Department of Revenue increased its position in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock valued at $417,000 after buying an additional 2,750 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock valued at $468,000 after buying an additional 5,461 shares during the last quarter. 99.27% of the stock is owned by institutional investors and hedge funds.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 63.17 on Tuesday. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 526.42 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a one year low of $45.32 and a one year high of $67.79. The company has a 50-day moving average price of $62.28 and a 200 day moving average price of $61.05.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
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Several research firms recently weighed in on HLT. Royal Bank Of Canada raised their price objective on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. FBR & Co raised their price target on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, July 11th. J P Morgan Chase & Co reissued an “overweight” rating and set a $70.00 price target (up previously from $67.00) on shares of Hilton Worldwide Holdings in a research report on Wednesday, June 28th. Finally, Berenberg Bank raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and raised their price target for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Hilton Worldwide Holdings has an average rating of “Buy” and a consensus price target of $71.89.
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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