Cramer Rosenthal Mcglynn LLC Cuts Position in Hilton Worldwide Holdings Inc. (HLT)
Cramer Rosenthal Mcglynn LLC lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,871 shares of the company’s stock after selling 102,802 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.14% of Hilton Worldwide Holdings worth $27,144,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Fox Run Management L.L.C. purchased a new position in Hilton Worldwide Holdings during the 2nd quarter worth approximately $1,089,000. Capstone Asset Management Co. lifted its stake in Hilton Worldwide Holdings by 161.2% during the 2nd quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock valued at $811,000 after acquiring an additional 8,090 shares during the period. Gateway Investment Advisers LLC lifted its stake in Hilton Worldwide Holdings by 13.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 196,106 shares of the company’s stock valued at $12,129,000 after acquiring an additional 22,548 shares during the period. Creative Planning lifted its stake in Hilton Worldwide Holdings by 51.7% during the 2nd quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after acquiring an additional 1,269 shares during the period. Finally, Exxonmobil Investment Management Inc. TX acquired a new stake in Hilton Worldwide Holdings during the 2nd quarter valued at approximately $2,433,000. Institutional investors own 99.29% of the company’s stock.
Several research firms have recently commented on HLT. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday, September 27th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 target price on shares of Hilton Worldwide Holdings in a report on Friday, September 22nd. Raymond James Financial, Inc. raised their target price on shares of Hilton Worldwide Holdings from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. BidaskClub upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and boosted their target price for the company from $47.00 to $65.00 in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $71.31.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down 0.13% during midday trading on Wednesday, reaching $68.77. 569,091 shares of the company traded hands. The stock’s 50-day moving average is $65.40 and its 200-day moving average is $62.72. The stock has a market capitalization of $22.30 billion, a P/E ratio of 573.08 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $44.73 and a 1-year high of $69.74.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates 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 was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities analysts predict that Hilton Worldwide Holdings Inc. will post $1.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, August 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. Hilton Worldwide Holdings’s dividend payout ratio is presently 461.33%.
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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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