Hilton Worldwide Holdings Inc. (HLT) Position Increased by Prudential Financial Inc.

Prudential Financial Inc. boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 55.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 527,346 shares of the company’s stock after purchasing an additional 188,870 shares during the quarter. Prudential Financial Inc. owned about 0.16% of Hilton Worldwide Holdings worth $36,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Hilton Worldwide Holdings by 46.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after acquiring an additional 4,302,706 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Hilton Worldwide Holdings by 13.7% during the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after acquiring an additional 1,448,078 shares during the last quarter. State Street Corp boosted its holdings in shares of Hilton Worldwide Holdings by 141.6% during the 2nd quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after acquiring an additional 4,609,697 shares during the last quarter. FMR LLC boosted its holdings in shares of Hilton Worldwide Holdings by 2.6% during the 2nd quarter. FMR LLC now owns 3,910,463 shares of the company’s stock valued at $241,862,000 after acquiring an additional 98,978 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Hilton Worldwide Holdings by 49.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock valued at $215,173,000 after acquiring an additional 1,152,164 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

HLT has been the topic of a number of recent analyst reports. BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Telsey Advisory Group raised 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 report on Wednesday, July 26th. Barclays PLC raised 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 report on Thursday, July 27th. Berenberg Bank reissued a “sell” rating and issued a $47.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $73.21.

Hilton Worldwide Holdings Inc. (HLT) opened at $72.62 on Tuesday. The company has a market cap of $23,257.27, a PE ratio of 33.65, a price-to-earnings-growth ratio of 7.64 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc. has a fifty-two week low of $48.53 and a fifty-two week high of $73.76.

Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. 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 previous year, the company posted $0.41 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. equities analysts predict 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 issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 545.45%.

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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.

Institutional Ownership by Quarter for Hilton Worldwide Holdings (NYSE:HLT)

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