Federated Investors Inc. PA boosted its stake in Hilton Worldwide (NYSE:HLT) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,190,980 shares of the company’s stock after purchasing an additional 49,738 shares during the quarter. Federated Investors Inc. PA owned about 0.40% of Hilton Worldwide worth $93,801,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HLT. Centersquare Investment Management LLC acquired a new position in Hilton Worldwide in the first quarter valued at about $81,169,000. Arrowstreet Capital Limited Partnership acquired a new position in Hilton Worldwide in the fourth quarter valued at about $73,431,000. BlackRock Inc. raised its stake in Hilton Worldwide by 7.2% in the fourth quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock valued at $1,028,303,000 after purchasing an additional 862,504 shares in the last quarter. Two Sigma Advisers LP raised its stake in Hilton Worldwide by 203.6% in the fourth quarter. Two Sigma Advisers LP now owns 986,040 shares of the company’s stock valued at $78,745,000 after purchasing an additional 661,206 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its stake in Hilton Worldwide by 54.0% in the fourth quarter. Cbre Clarion Securities LLC now owns 1,460,632 shares of the company’s stock valued at $116,646,000 after purchasing an additional 511,991 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on the company. Wells Fargo boosted their price target on Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. ValuEngine raised Hilton Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. TheStreet raised Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Finally, SunTrust Banks boosted their price target on Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $83.22.
Hilton Worldwide stock opened at $83.92 on Tuesday. Hilton Worldwide has a 12-month low of $60.54 and a 12-month high of $88.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.75. The stock has a market capitalization of $25.19 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 6.25 and a beta of 1.33.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. equities analysts anticipate that Hilton Worldwide will post 2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 30.00%.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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