Nomura Holdings Inc. bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,400 shares of the company’s stock, valued at approximately $3,488,000.
Several other large investors have also recently bought and sold shares of HLT. State Street Corp lifted its position in shares of Hilton Worldwide Holdings by 141.6% in the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after buying an additional 4,609,697 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hilton Worldwide Holdings by 46.3% in the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after buying an additional 4,302,706 shares in the last quarter. BlackRock Inc. lifted its position in shares of Hilton Worldwide Holdings by 13.7% in the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock worth $745,212,000 after buying an additional 1,448,078 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hilton Worldwide Holdings by 49.5% in the second quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock worth $215,173,000 after buying an additional 1,152,164 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Hilton Worldwide Holdings by 87.2% in the second quarter. Northern Trust Corp now owns 2,118,462 shares of the company’s stock worth $131,027,000 after buying an additional 986,814 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.
In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) traded up 0.88% on Friday, reaching $71.00. The company had a trading volume of 719,159 shares. The company’s 50 day moving average price is $66.92 and its 200-day moving average price is $63.25. The stock has a market capitalization of $23.02 billion, a P/E ratio of 591.67 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $44.73 and a 1-year high of $71.05.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts predict that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, August 18th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
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A number of equities research analysts recently commented on HLT shares. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub downgraded Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Raymond James Financial, Inc. upped their price objective on Hilton Worldwide Holdings from $66.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. J P Morgan Chase & Co restated an “overweight” rating and set a $70.00 price objective (up from $67.00) on shares of Hilton Worldwide Holdings in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $71.31.
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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