First Manhattan Co. lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,744 shares of the company’s stock after acquiring an additional 4,412 shares during the quarter. First Manhattan Co.’s holdings in Hilton Worldwide Holdings were worth $2,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. State Street Corp boosted its stake in shares of Hilton Worldwide Holdings by 141.6% during the 2nd 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. Vanguard Group Inc. boosted its stake in shares of Hilton Worldwide Holdings by 46.3% during the 2nd 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. boosted its stake in shares of Hilton Worldwide Holdings by 13.7% during the 2nd 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. Bank of New York Mellon Corp boosted its stake in shares of Hilton Worldwide Holdings by 49.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock worth $215,173,000 after acquiring an additional 1,152,164 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Hilton Worldwide Holdings by 87.2% during the 2nd quarter. Northern Trust Corp now owns 2,118,462 shares of the company’s stock worth $131,027,000 after acquiring an additional 986,814 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s payout ratio is presently 545.45%.

In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on HLT. Telsey Advisory Group raised their price objective on Hilton Worldwide Holdings from $67.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 target price on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $78.00 target price on shares of Hilton Worldwide Holdings in a report on Friday, October 27th. FBR & Co lowered Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $72.78.

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Hilton Worldwide Holdings Company 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.

Institutional Ownership by Quarter for Hilton Worldwide Holdings (NYSE:HLT)

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