Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 10.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,266 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Hilton Worldwide were worth $1,065,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HLT. Municipal Employees Retirement System of Michigan bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $414,000. Retirement Systems of Alabama bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $6,145,000. Cigna Investments Inc. New bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $469,000. Schwab Charles Investment Management Inc. lifted its position in shares of Hilton Worldwide by 131.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after acquiring an additional 421,910 shares during the period. Finally, Arizona State Retirement System bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $3,142,000. Hedge funds and other institutional investors own 99.20% of the company’s stock.
In other Hilton Worldwide news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.
Shares of Hilton Worldwide Holdings Inc (HLT) opened at $76.75 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc has a 1 year low of $53.97 and a 1 year high of $78.62. The firm has a market capitalization of $24,636.26, a price-to-earnings ratio of 35.65, a P/E/G ratio of 8.09 and a beta of 1.33.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $0.41 EPS. Hilton Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts predict that Hilton Worldwide Holdings Inc will post 1.9 earnings per share for the current year.
Hilton Worldwide declared that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 17th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. Hilton Worldwide’s payout ratio is presently 545.45%.
A number of analysts have recently weighed in on HLT shares. Zacks Investment Research downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Hilton Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. FBR & Co downgraded Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research report on Friday, October 27th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a research report on Tuesday, November 14th. Finally, Barclays upped their target price on Hilton Worldwide from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.47.
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About Hilton Worldwide
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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