American Century Companies Inc. Has $63.85 Million Position in Hilton Worldwide Holdings Inc (HLT)
American Century Companies Inc. trimmed its stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 38.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 799,521 shares of the company’s stock after selling 504,361 shares during the quarter. American Century Companies Inc.’s holdings in Hilton Worldwide were worth $63,850,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Hilton Worldwide during the third quarter worth about $151,000. QS Investors LLC grew its holdings in Hilton Worldwide by 749.6% during the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after acquiring an additional 2,084 shares during the period. Hilton Capital Management LLC acquired a new stake in Hilton Worldwide during the third quarter worth about $208,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Hilton Worldwide during the third quarter worth about $208,000. Finally, Keybank National Association OH acquired a new stake in Hilton Worldwide in the third quarter valued at approximately $221,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Royal Bank of Canada raised their price objective on Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Morgan Stanley lowered Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective on the stock. in a report on Wednesday, January 17th. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $78.00 to $69.00 in a report on Monday, January 8th. Argus raised their price objective on Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group lowered Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.18.
Hilton Worldwide declared that its board has authorized 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 buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Hilton Worldwide 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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