The Manufacturers Life Insurance Company trimmed its stake in Hilton Worldwide (NYSE:HLT) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,806 shares of the company’s stock after selling 42,147 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Hilton Worldwide worth $16,603,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of HLT. Wetherby Asset Management Inc. purchased a new stake in shares of Hilton Worldwide in the 1st quarter worth about $201,000. Parametrica Management Ltd purchased a new stake in shares of Hilton Worldwide in the 1st quarter worth about $202,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Hilton Worldwide in the 4th quarter worth about $208,000. Ninepoint Partners LP purchased a new stake in shares of Hilton Worldwide in the 1st quarter worth about $228,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Hilton Worldwide in the 1st quarter worth about $243,000. 74.60% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on HLT shares. Deutsche Bank raised their target price on shares of Hilton Worldwide from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 20th. Robert W. Baird set a $90.00 target price on shares of Hilton Worldwide and gave the stock a “buy” rating in a research report on Friday, April 13th. ValuEngine raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Zacks Investment Research raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Wednesday, March 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $93.00 target price on shares of Hilton Worldwide in a research report on Tuesday, February 27th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Hilton Worldwide has an average rating of “Buy” and a consensus price target of $84.88.
NYSE:HLT opened at $80.87 on Friday. The stock has a market cap of $24.34 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 3.02 and a beta of 1.32. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.81 and a quick ratio of 0.81. Hilton Worldwide has a fifty-two week low of $60.54 and a fifty-two week high of $88.11.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.29 billion. Hilton Worldwide had a net margin of 14.87% and a return on equity of 41.44%. Hilton Worldwide’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. equities research analysts expect that Hilton Worldwide will post 2.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. Hilton Worldwide’s dividend payout ratio is currently 30.00%.
In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.
Hilton Worldwide Profile
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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