Hilton Worldwide Holdings Inc. (HLT) Holdings Decreased by Standard Life Investments LTD
Standard Life Investments LTD lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,232,658 shares of the company’s stock after selling 522,854 shares during the quarter. Standard Life Investments LTD owned approximately 0.38% of Hilton Worldwide Holdings worth $76,221,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of HLT. Westpac Banking Corp lifted its stake in shares of Hilton Worldwide Holdings by 80.4% during the 1st quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock worth $4,419,000 after purchasing an additional 87,466 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Hilton Worldwide Holdings during the 2nd quarter worth $1,089,000. Capstone Asset Management Co. lifted its stake in shares of Hilton Worldwide Holdings by 161.2% during the 2nd quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after purchasing an additional 8,090 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Hilton Worldwide Holdings by 13.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 196,106 shares of the company’s stock worth $12,129,000 after purchasing an additional 22,548 shares during the period. Finally, Creative Planning lifted 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 purchasing an additional 1,269 shares during the period. 99.27% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on HLT. Royal Bank Of Canada increased their target price on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $70.00 target price (up from $67.00) on shares of Hilton Worldwide Holdings in a research report on Wednesday, June 28th. Berenberg Bank raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and increased their target price for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. Finally, BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.53.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down 0.652% during mid-day trading on Thursday, reaching $66.245. The company had a trading volume of 341,535 shares. Hilton Worldwide Holdings Inc. has a 52-week low of $44.73 and a 52-week high of $67.79. The company’s 50-day moving average is $62.94 and its 200 day moving average is $61.56. The stock has a market capitalization of $21.48 billion, a P/E ratio of 552.042 and a beta of 1.29.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business earned $0.25 EPS. Hilton Worldwide Holdings’s quarterly revenue was up 20.3% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is presently 461.33%.
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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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