Russell Investments Group Ltd. cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 918,483 shares of the company’s stock after selling 76,560 shares during the period. Russell Investments Group Ltd. owned 0.29% of Hilton Worldwide Holdings worth $63,789,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in HLT. QS Investors LLC increased its position in shares of Hilton Worldwide Holdings by 749.6% during 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. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Hilton Worldwide Holdings during the third quarter valued at about $151,000. Commonwealth Bank of Australia increased its position in shares of Hilton Worldwide Holdings by 255.9% during 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. bought a new position in shares of Hilton Worldwide Holdings in the second quarter worth approximately $219,000. Finally, Keybank National Association OH bought a new position in shares of Hilton Worldwide Holdings in the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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Several research analysts recently weighed in on HLT shares. Telsey Advisory Group upped their price objective on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. Barclays PLC upped their price objective on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Berenberg Bank restated a “sell” rating and issued a $47.00 price objective on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. BidaskClub cut shares of Hilton Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $73.21.
Hilton Worldwide Holdings Inc. (HLT) traded up $0.09 during trading hours on Friday, hitting $74.11. The stock had a trading volume of 2,392,178 shares, compared to its average volume of 2,692,657. The stock has a market capitalization of $23,680.00, a price-to-earnings ratio of 33.76, a PEG ratio of 7.66 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $49.97 and a 52-week high of $74.44. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $2.35 billion during 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%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 1.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 600.00%.
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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