Pacad Investment Ltd. Invests $3.31 Million in Hilton Worldwide Holdings Inc. (HLT)
Pacad Investment Ltd. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,450 shares of the company’s stock, valued at approximately $3,306,000. Hilton Worldwide Holdings comprises approximately 0.5% of Pacad Investment Ltd.’s holdings, making the stock its 28th largest position.
Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Hilton Worldwide Holdings by 10.6% in the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock worth $212,994,000 after buying an additional 329,412 shares in the last quarter. Allen Investment Management LLC bought a new position in shares of Hilton Worldwide Holdings during the second quarter worth approximately $590,000. OMERS ADMINISTRATION Corp bought a new position in shares of Hilton Worldwide Holdings during the second quarter worth approximately $2,134,000. Pacer Advisors Inc. increased its position in shares of Hilton Worldwide Holdings by 29.7% in the second quarter. Pacer Advisors Inc. now owns 5,697 shares of the company’s stock worth $352,000 after buying an additional 1,306 shares in the last quarter. Finally, Utah Retirement Systems increased its position in shares of Hilton Worldwide Holdings by 10.7% in the second quarter. Utah Retirement Systems now owns 35,266 shares of the company’s stock worth $2,181,000 after buying an additional 3,400 shares in the last quarter. 99.27% of the stock is owned by institutional investors and hedge funds.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down 0.179% during midday trading on Thursday, reaching $64.205. The company’s stock had a trading volume of 321,811 shares. Hilton Worldwide Holdings Inc. has a 1-year low of $45.32 and a 1-year high of $67.79. The company’s 50-day moving average price is $62.28 and its 200 day moving average price is $61.05. The firm has a market capitalization of $20.82 billion, a PE ratio of 535.042 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 earnings per share 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 in the prior year, the company posted $0.25 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
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A number of equities analysts have recently commented on the company. Raymond James Financial, Inc. boosted their price objective on Hilton Worldwide Holdings from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 24th. BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, July 31st. Berenberg Bank raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. Finally, Barclays PLC boosted their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price 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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