Hilton Worldwide Holdings Inc. (HLT) Holdings Raised by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,598 shares of the company’s stock after purchasing an additional 843 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Hilton Worldwide Holdings were worth $1,014,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of HLT. Vanguard Group Inc. increased its position in shares of Hilton Worldwide Holdings by 46.3% during the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after acquiring an additional 4,302,706 shares in the last quarter. BlackRock Inc. increased its position in shares of Hilton Worldwide Holdings by 13.7% during the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock worth $745,212,000 after acquiring an additional 1,448,078 shares in the last quarter. State Street Corp increased its position in shares of Hilton Worldwide Holdings by 141.6% during the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after acquiring an additional 4,609,697 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Hilton Worldwide Holdings by 29.0% during the third quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock worth $308,609,000 after acquiring an additional 999,899 shares in the last quarter. Finally, FMR LLC increased its position in shares of Hilton Worldwide Holdings by 2.6% during the second quarter. FMR LLC now owns 3,910,463 shares of the company’s stock worth $241,862,000 after acquiring an additional 98,978 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.
Several research analysts recently commented on HLT shares. Telsey Advisory Group increased their target price on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a report on Wednesday, July 26th. Barclays PLC increased their target price on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. Berenberg Bank restated a “sell” rating and set a $47.00 target price on shares of Hilton Worldwide Holdings in a report on Thursday, July 27th. BidaskClub cut shares of Hilton Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $73.21.
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Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at $74.11 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $49.97 and a 1 year high of $74.44. The company has a market cap of $23,711.57, a PE ratio of 34.31, a P/E/G ratio of 7.79 and a beta of 1.31. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $0.41 earnings per share. Hilton Worldwide Holdings’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts anticipate that Hilton Worldwide Holdings Inc. will post 1.9 EPS for the current year.
Hilton Worldwide Holdings declared that its board has approved a stock repurchase plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio is 545.45%.
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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