ProShare Advisors LLC Acquires New Holdings in Hilton Worldwide Holdings Inc. (HLT)
ProShare Advisors LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,592 shares of the company’s stock, valued at approximately $1,026,000.
Several other institutional investors and hedge funds also recently bought and sold shares of HLT. Commonwealth Bank of Australia increased its holdings in Hilton Worldwide Holdings by 255.9% in 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 period. Creative Planning increased its holdings in Hilton Worldwide Holdings by 51.7% in 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 period. Fiduciary Trust Co. acquired a new position in Hilton Worldwide Holdings in the 2nd quarter worth approximately $247,000. Cadence Capital Management LLC increased its holdings in Hilton Worldwide Holdings by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock worth $349,000 after buying an additional 19 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Hilton Worldwide Holdings by 29.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,697 shares of the company’s stock worth $352,000 after buying an additional 1,306 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 69.45 on Friday. The stock’s 50 day moving average price is $63.52 and its 200-day moving average price is $61.88. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of 578.75 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $44.73 and a 12 month high of $69.45.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post $1.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, August 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
HLT has been the topic of several research reports. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, July 11th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Argus initiated coverage on shares of Hilton Worldwide Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $80.00 price target on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $70.00 price target (up previously from $67.00) on shares of Hilton Worldwide Holdings in a report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. increased their price target on shares of Hilton Worldwide Holdings from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $71.31.
Hilton Worldwide Holdings 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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