Robeco Institutional Asset Management B.V. increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 28.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,003 shares of the company’s stock after acquiring an additional 3,318 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Hilton Worldwide Holdings were worth $929,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HLT. Creative Planning grew its holdings in Hilton Worldwide Holdings by 51.7% during the 2nd quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after buying an additional 1,269 shares in the last quarter. Cadence Capital Management LLC grew its holdings in Hilton Worldwide Holdings by 0.3% during the 2nd quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock valued at $349,000 after buying an additional 19 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Hilton Worldwide Holdings during the 2nd quarter valued at approximately $414,000. State of Alaska Department of Revenue boosted its position in shares of Hilton Worldwide Holdings by 68.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock valued at $417,000 after acquiring an additional 2,750 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Hilton Worldwide Holdings by 259.6% during the 2nd quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock valued at $468,000 after acquiring an additional 5,461 shares during the last quarter. 99.29% of the stock is owned by institutional investors.
HLT has been the subject of a number of research reports. Bank of America Corporation reiterated a “buy” rating and set a $73.00 target price (up from $67.00) on shares of Hilton Worldwide Holdings in a research report on Monday, June 5th. Berenberg Bank reiterated a “sell” rating and set a $47.00 target price on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. Barclays PLC increased their target price on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, July 27th. Royal Bank Of Canada raised their price target on Hilton Worldwide Holdings from $62.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Finally, Argus initiated coverage on Hilton Worldwide Holdings in a research report on Monday, June 5th. They issued a “buy” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.88.
Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) traded up 1.26% during trading on Friday, hitting $68.19. The stock had a trading volume of 2,072,727 shares. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 568.25 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $44.73 and a 12 month high of $68.37. The company’s 50 day moving average price is $63.52 and its 200 day moving average price is $61.88.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post $1.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is 461.33%.
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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