Daiwa Securities Group Inc. decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 21.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,863 shares of the company’s stock after selling 12,710 shares during the period. Daiwa Securities Group Inc.’s holdings in Hilton Worldwide Holdings were worth $2,836,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC boosted its position in shares of Hilton Worldwide Holdings by 0.3% in the second quarter. Aperio Group LLC now owns 33,514 shares of the company’s stock valued at $2,073,000 after buying an additional 110 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Hilton Worldwide Holdings by 1.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 37,128 shares of the company’s stock valued at $2,296,000 after buying an additional 524 shares during the period. Shell Asset Management Co. boosted its position in shares of Hilton Worldwide Holdings by 5.7% in the second quarter. Shell Asset Management Co. now owns 11,935 shares of the company’s stock valued at $738,000 after buying an additional 639 shares during the period. Creative Planning boosted 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 worth $230,000 after buying an additional 1,269 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Hilton Worldwide Holdings by 7.5% in the second quarter. US Bancorp DE now owns 38,800 shares of the company’s stock worth $2,399,000 after buying an additional 2,692 shares during the last quarter.
Hilton Worldwide Holdings Inc. (NYSE:HLT) traded up 0.39% during trading on Friday, reaching $61.06. The company’s stock had a trading volume of 2,654,293 shares. The stock has a market cap of $19.80 billion, a P/E ratio of 508.83 and a beta of 1.29. The company’s 50 day moving average price is $62.09 and its 200-day moving average price is $60.86. Hilton Worldwide Holdings Inc. has a 1-year low of $44.73 and a 1-year high of $67.79.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results 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. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be issued 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 payout ratio is presently 461.33%.
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A number of research analysts have recently commented on HLT shares. Deutsche Bank AG raised their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Argus initiated coverage on Hilton Worldwide Holdings in a report on Monday, June 5th. They set a “buy” rating and a $80.00 target price on the stock. Finally, FBR & Co lifted their target price on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.06.
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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