Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 176,521 shares of the company’s stock, valued at approximately $10,918,000. Chevy Chase Trust Holdings Inc. owned about 0.05% of Hilton Worldwide Holdings at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning raised its stake 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 worth $230,000 after buying an additional 1,269 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after buying an additional 8,090 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Hilton Worldwide Holdings during the second quarter worth about $1,089,000. Finally, National Pension Service raised its stake in shares of Hilton Worldwide Holdings by 9.8% in the second quarter. National Pension Service now owns 219,217 shares of the company’s stock worth $13,646,000 after buying an additional 19,481 shares in the last quarter.
Hilton Worldwide Holdings Inc. (HLT) traded up 0.49% during mid-day trading on Friday, hitting $61.30. The stock had a trading volume of 1,682,860 shares. The firm’s 50-day moving average is $62.42 and its 200 day moving average is $60.74. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 510.83 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $45.32 and a 12 month high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion during 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 firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is 461.33%.
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HLT has been the topic of several recent analyst reports. Deutsche Bank AG boosted their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. BidaskClub lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Argus initiated coverage on Hilton Worldwide Holdings in a research report on Monday, June 5th. They set a “buy” rating and a $80.00 price target on the stock. Finally, FBR & Co boosted their price target on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Hilton Worldwide Holdings has an average rating of “Buy” and an average price target of $72.06.
About Hilton Worldwide Holdings
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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