Hilton Worldwide Holdings Inc (HLT) Position Cut by Eaton Vance Management
Eaton Vance Management trimmed its stake in Hilton Worldwide Holdings Inc (NYSE:HLT) by 9.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,389 shares of the company’s stock after selling 5,090 shares during the quarter. Eaton Vance Management’s holdings in Hilton Worldwide were worth $4,104,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Hilton Worldwide by 7.2% in the fourth quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock valued at $1,028,303,000 after purchasing an additional 862,504 shares during the period. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after purchasing an additional 2,035,463 shares during the period. Principal Financial Group Inc. grew its holdings in Hilton Worldwide by 29.0% in the third quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after purchasing an additional 999,899 shares during the period. Pzena Investment Management LLC grew its holdings in Hilton Worldwide by 0.4% in the third quarter. Pzena Investment Management LLC now owns 4,171,275 shares of the company’s stock valued at $289,695,000 after purchasing an additional 18,395 shares during the period. Finally, Capital International Investors purchased a new stake in Hilton Worldwide in the third quarter valued at approximately $267,430,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
Hilton Worldwide Holdings Inc (NYSE:HLT) opened at $78.90 on Friday. Hilton Worldwide Holdings Inc has a 12-month low of $55.79 and a 12-month high of $88.11. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $25,083.97, a price-to-earnings ratio of 39.67, a PEG ratio of 5.71 and a beta of 1.33.
Hilton Worldwide declared that its board has approved a share repurchase program on Thursday, November 16th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. Hilton Worldwide’s payout ratio is currently 15.42%.
A number of research firms recently issued reports on HLT. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Wells Fargo & Co lifted their price target on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. SunTrust Banks lifted their price target on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research report on Wednesday, February 14th. Finally, B. Riley reaffirmed a “neutral” rating and set a $84.00 price target (up from $73.00) on shares of Hilton Worldwide in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hilton Worldwide currently has a consensus rating of “Hold” and a consensus target price of $80.44.
About Hilton Worldwide
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.
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc (NYSE:HLT).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.