Hilton Worldwide Holdings Inc. (HLT) Sets New 1-Year High at $73.86
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) reached a new 52-week high on Thursday . The stock traded as high as $73.86 and last traded at $73.38, with a volume of 2939000 shares trading hands. The stock had previously closed at $72.91.
HLT has been the subject of several recent research reports. SunTrust Banks, Inc. restated a “buy” rating and issued a $67.00 price objective on shares of Hilton Worldwide Holdings in a report on Tuesday, October 17th. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, September 22nd. Robert W. Baird reiterated a “buy” rating and issued a $78.00 target price on shares of Hilton Worldwide Holdings in a research note on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) lowered Hilton Worldwide Holdings from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price on the stock. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Hilton Worldwide Holdings has a consensus rating of “Buy” and a consensus price target of $73.21.
The stock has a market capitalization of $23,680.00, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 7.66 and a beta of 1.30. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Thursday, October 26th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion for 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%. Hilton Worldwide Holdings’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. research analysts forecast that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. Hilton Worldwide Holdings’s dividend payout ratio is currently 600.00%.
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.
A number of hedge funds and other institutional investors have recently modified their holdings of HLT. State Street Corp boosted its position in Hilton Worldwide Holdings by 141.6% in the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after buying an additional 4,609,697 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Hilton Worldwide Holdings by 46.3% in the second 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 period. Capital International Investors acquired a new position in Hilton Worldwide Holdings in the third quarter valued at approximately $267,430,000. JPMorgan Chase & Co. lifted its holdings in Hilton Worldwide Holdings by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after acquiring an additional 2,035,463 shares during the period. Finally, BlackRock Inc. lifted its holdings in Hilton Worldwide Holdings by 13.7% in the second 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 period. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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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.
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