Victory Capital Management Inc. Has $54.21 Million Holdings in Hilton Worldwide Holdings Inc. (HLT)
Victory Capital Management Inc. lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 780,495 shares of the company’s stock after selling 70,436 shares during the quarter. Victory Capital Management Inc. owned about 0.24% of Hilton Worldwide Holdings worth $54,205,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. QS Investors LLC lifted its holdings in shares of Hilton Worldwide Holdings by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock valued at $146,000 after buying an additional 2,084 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of 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 buying an additional 2,173 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Hilton Worldwide Holdings in the second quarter valued at $219,000. Creative Planning lifted its holdings in shares of 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 buying an additional 1,269 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in shares of Hilton Worldwide Holdings in the second quarter valued at $247,000. Institutional investors own 99.29% of the company’s stock.
Several analysts have recently weighed in on HLT shares. Berenberg Bank restated a “sell” rating and issued a $47.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, July 27th. Barclays PLC upped their price objective on Hilton Worldwide Holdings from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Telsey Advisory Group upped their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a report on Wednesday, July 26th. FBR & Co restated a “neutral” rating and issued a $73.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, October 26th. Finally, BidaskClub upgraded Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.78.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Hilton Worldwide Holdings Inc. (NYSE HLT) opened at $73.16 on Monday. The stock has a market cap of $23,407.64, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 7.74 and a beta of 1.31. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. Hilton Worldwide Holdings’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 1.89 EPS 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s payout ratio is 545.45%.
Hilton Worldwide Holdings 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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