Hilton Worldwide Holdings Inc (HLT) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 760,560 shares of the company’s stock after selling 7,378 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Hilton Worldwide worth $52,820,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of HLT. State Street Corp lifted its position in shares of Hilton Worldwide by 141.6% during the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after purchasing an additional 4,609,697 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Hilton Worldwide by 46.3% in the second 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 during the last quarter. JPMorgan Chase & Co. lifted 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 worth $882,616,000 after acquiring an additional 2,035,463 shares during the last quarter. BlackRock Inc. lifted its holdings in Hilton Worldwide by 13.7% in the second 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 during the last quarter. Finally, Principal Financial Group Inc. lifted 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 worth $308,609,000 after acquiring an additional 999,899 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors and hedge funds.
HLT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Goldman Sachs Group cut shares of Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price on the stock. in a report on Tuesday, November 14th. Morgan Stanley reissued a “buy” rating on shares of Hilton Worldwide in a report on Friday, December 8th. FBR & Co cut shares of Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Barclays raised their target price on shares of Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Hilton Worldwide has a consensus rating of “Buy” and a consensus target price of $73.29.
Shares of Hilton Worldwide Holdings Inc (NYSE HLT) opened at $80.25 on Friday. The firm has a market capitalization of $25,680.00, a P/E ratio of 802.50, a PEG ratio of 7.07 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc has a twelve month low of $55.00 and a twelve month high of $81.23.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. sell-side analysts forecast that Hilton Worldwide Holdings Inc will post 1.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, November 17th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 600.00%.
Hilton Worldwide announced that its board has authorized a share buyback plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
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Hilton Worldwide 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.
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