First Trust Advisors LP Acquires 64,189 Shares of Hilton Worldwide Holdings Inc (HLT)

First Trust Advisors LP increased its holdings in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 25.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,512 shares of the company’s stock after purchasing an additional 64,189 shares during the period. First Trust Advisors LP owned 0.10% of Hilton Worldwide worth $25,357,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Sentry Investment Management LLC acquired a new stake in Hilton Worldwide during the 4th quarter worth $1,282,000. Candriam Luxembourg S.C.A. lifted its stake in shares of Hilton Worldwide by 32.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 19,267 shares of the company’s stock worth $1,539,000 after acquiring an additional 4,669 shares during the period. IBM Retirement Fund acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth $483,000. KBC Group NV lifted its stake in shares of Hilton Worldwide by 32.7% in the 4th quarter. KBC Group NV now owns 106,280 shares of the company’s stock worth $8,487,000 after acquiring an additional 26,218 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth $4,257,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Hilton Worldwide Holdings Inc (HLT) opened at $83.38 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16. The stock has a market cap of $26,645.60, a PE ratio of 42.15, a PEG ratio of 6.07 and a beta of 1.32. Hilton Worldwide Holdings Inc has a twelve month low of $55.79 and a twelve month high of $88.11.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. analysts forecast that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be issued a $0.15 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%. Hilton Worldwide’s dividend payout ratio is presently 15.42%.

Hilton Worldwide declared that its Board of Directors has initiated a share buyback plan on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

HLT has been the subject of several recent analyst reports. FBR & Co restated a “neutral” rating and issued a $73.00 target price on shares of Hilton Worldwide in a research note on Thursday, October 26th. Royal Bank of Canada raised their target price on shares of Hilton Worldwide to $96.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Argus raised their target price on shares of Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, January 3rd. Raymond James Financial upgraded shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $78.00 to $69.00 in a research note on Monday, January 8th. Finally, Morgan Stanley restated a “buy” rating on shares of Hilton Worldwide in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $80.61.

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Hilton Worldwide 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 (NYSE:HLT)

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