Crossmark Global Holdings Inc. Invests $1.01 Million in Hilton Worldwide Holdings Inc. (HLT)
Crossmark Global Holdings Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 14,580 shares of the company’s stock, valued at approximately $1,013,000.
Other large investors have also recently added to or reduced their stakes in the company. QS Investors LLC raised its stake in shares of Hilton Worldwide Holdings by 749.6% during the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Hilton Worldwide Holdings by 255.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after buying an additional 2,173 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hilton Worldwide Holdings during the 2nd quarter worth $219,000. Creative Planning raised its stake in shares of Hilton Worldwide Holdings by 51.7% during the 2nd quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new position in shares of Hilton Worldwide Holdings during the 2nd quarter worth $247,000. 99.29% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.
Several research firms have recently issued reports on HLT. B. Riley reaffirmed a “neutral” rating on shares of Hilton Worldwide Holdings in a research note on Wednesday, November 1st. Wells Fargo & Company downgraded shares of Hilton Worldwide Holdings from an “outperform” rating to a “market perform” rating and set a $78.00 target price for the company. in a research note on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of Hilton Worldwide Holdings in a research note on Friday, October 27th. Barclays PLC boosted their target price on shares of Hilton Worldwide Holdings from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Finally, FBR & Co downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research note on Friday, October 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Hilton Worldwide Holdings has an average rating of “Buy” and a consensus target price of $73.05.
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Hilton Worldwide Holdings Inc. (HLT) opened at $72.69 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $48.08 and a one year high of $73.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. The company has a market cap of $23,257.24, a PE ratio of 33.65, a PEG ratio of 7.64 and a beta of 1.31.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s payout ratio is currently 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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