Stifel Financial Corp Has $255,000 Position in Hilton Worldwide Holdings Inc. (HLT)
Stifel Financial Corp reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,108 shares of the company’s stock after selling 110 shares during the quarter. Stifel Financial Corp’s holdings in Hilton Worldwide Holdings were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its stake in Hilton Worldwide Holdings by 255.9% in the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after purchasing an additional 2,173 shares during the last quarter. Creative Planning increased its stake in Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after purchasing an additional 1,269 shares during the last quarter. Fiduciary Trust Co. acquired a new position in Hilton Worldwide Holdings in the second quarter valued at $247,000. TLP Group LLC acquired a new position in Hilton Worldwide Holdings in the second quarter valued at $247,000. Finally, Cadence Capital Management LLC increased its stake in Hilton Worldwide Holdings by 0.3% in the second quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock valued at $349,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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HLT has been the subject of several analyst reports. 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 research note on Tuesday, July 11th. BidaskClub upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and set a $70.00 price target on shares of Hilton Worldwide Holdings in a research note on Friday, September 22nd. Raymond James Financial, Inc. upped their price target on Hilton Worldwide Holdings from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $67.00 price target on shares of Hilton Worldwide Holdings in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.78.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at $73.16 on Monday. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $23,407.64, a price-to-earnings ratio of 33.87, a PEG ratio of 7.74 and a beta of 1.31.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. analysts predict that Hilton Worldwide Holdings Inc. will post 1.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio is currently 545.45%.
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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