Point72 Asset Management L.P. increased its position in shares of Hilton Worldwide (NYSE:HLT) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 620,500 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Point72 Asset Management L.P. owned 0.21% of Hilton Worldwide worth $48,871,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC increased its position in Hilton Worldwide by 21.1% during the first quarter. Zeke Capital Advisors LLC now owns 4,628 shares of the company’s stock worth $365,000 after purchasing an additional 806 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Hilton Worldwide by 10.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,454 shares of the company’s stock valued at $743,000 after acquiring an additional 919 shares during the last quarter. Norinchukin Bank The increased its position in shares of Hilton Worldwide by 6.4% during the fourth quarter. Norinchukin Bank The now owns 16,168 shares of the company’s stock valued at $1,291,000 after acquiring an additional 966 shares during the last quarter. Profund Advisors LLC increased its position in shares of Hilton Worldwide by 17.9% during the fourth quarter. Profund Advisors LLC now owns 6,850 shares of the company’s stock valued at $547,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of Hilton Worldwide by 42.6% during the first quarter. Atria Investments LLC now owns 5,216 shares of the company’s stock valued at $411,000 after acquiring an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 74.60% of the company’s stock.
HLT stock opened at $82.73 on Thursday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.81 and a current ratio of 0.81. Hilton Worldwide has a twelve month low of $60.54 and a twelve month high of $88.11. The company has a market cap of $25.23 billion, a price-to-earnings ratio of 41.37, a P/E/G ratio of 3.13 and a beta of 1.32.
Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Hilton Worldwide had a net margin of 14.87% and a return on equity of 41.44%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts predict that Hilton Worldwide will post 2.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 11th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Hilton Worldwide’s payout ratio is 30.00%.
A number of equities research analysts have weighed in on the stock. Wells Fargo & Co lifted their price target on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. ValuEngine upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Zacks Investment Research lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.88.
In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the business’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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