Hilton Worldwide Holdings Inc. (HLT) Stake Held by Eagle Asset Management Inc.
Eagle Asset Management Inc. maintained its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,956 shares of the company’s stock at the end of the second quarter. Eagle Asset Management Inc.’s holdings in Hilton Worldwide Holdings were worth $3,089,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in HLT. Westpac Banking Corp raised 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 worth $4,419,000 after buying an additional 87,466 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Hilton Worldwide Holdings in the second quarter worth about $1,089,000. Capstone Asset Management Co. raised its stake in Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after buying an additional 8,090 shares in the last quarter. Gateway Investment Advisers LLC raised 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 worth $12,129,000 after buying an additional 22,548 shares in the last quarter. Finally, Creative Planning raised 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 worth $230,000 after buying an additional 1,269 shares in the last quarter. 99.27% of the stock is owned by institutional investors.
HLT has been the subject of a number of research reports. Argus initiated coverage on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. They issued a “buy” rating and a $80.00 price target for the company. Bank of America Corporation reissued a “buy” rating and issued a $73.00 price target (up from $67.00) on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. Royal Bank Of Canada increased their price target on shares of Hilton Worldwide Holdings from $62.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, June 12th. UBS AG increased their price target on shares of Hilton Worldwide Holdings from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, BidaskClub downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.53.
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Hilton Worldwide Holdings Inc. (HLT) opened at 65.14 on Friday. The firm’s 50 day moving average is $62.73 and its 200-day moving average is $61.39. The company has a market cap of $21.12 billion, a P/E ratio of 542.83 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $44.73 and a 52 week high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results 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 net margin of 0.39% and a return on equity of 19.65%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, analysts predict that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be issued 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 0.92%. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.
Hilton Worldwide Holdings 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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