Gateway Investment Advisers LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,106 shares of the company’s stock after buying an additional 22,548 shares during the period. Gateway Investment Advisers LLC owned 0.06% of Hilton Worldwide Holdings worth $12,129,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in Hilton Worldwide Holdings by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 46,900 shares of the company’s stock worth $1,276,000 after buying an additional 3,500 shares during the period. Capstone Asset Management Co. increased its stake in Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after buying an additional 8,090 shares during the period. Fox Run Management L.L.C. bought a new stake in Hilton Worldwide Holdings during the second quarter worth approximately $1,089,000. Numeric Investors LLC bought a new stake in Hilton Worldwide Holdings during the fourth quarter worth approximately $528,000. Finally, Comerica Bank bought a new stake in Hilton Worldwide Holdings during the fourth quarter worth approximately $1,205,000.
Hilton Worldwide Holdings Inc. (NYSE HLT) traded down 2.65% on Tuesday, hitting $62.08. 2,852,104 shares of the company were exchanged. The company has a market capitalization of $20.13 billion, a P/E ratio of 517.33 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $44.73 and a 52 week high of $67.79. The firm’s 50 day moving average is $63.00 and its 200 day moving average is $60.57.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The firm’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.97%. Hilton Worldwide Holdings’s dividend payout ratio is presently 461.33%.
HLT has been the subject of a number of research analyst reports. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.00 target price (up previously from $67.00) on shares of Hilton Worldwide Holdings in a research report on Monday, June 5th. Argus initiated coverage on shares of Hilton Worldwide Holdings in a research report on Monday, June 5th. They issued a “buy” rating and a $80.00 target price for the company. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Friday, May 5th. Deutsche Bank AG boosted their price objective on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Hilton Worldwide Holdings in a research report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.06.
About Hilton Worldwide Holdings
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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