BlueCrest Capital Management Ltd lifted its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 286.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,341 shares of the company’s stock after buying an additional 12,851 shares during the period. BlueCrest Capital Management Ltd’s holdings in Hilton Worldwide were worth $1,385,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Candriam Luxembourg S.C.A. increased its holdings in shares of Hilton Worldwide by 6.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 14,598 shares of the company’s stock worth $1,014,000 after buying an additional 843 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Hilton Worldwide by 0.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 202,343 shares of the company’s stock worth $14,053,000 after buying an additional 877 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of Hilton Worldwide by 6.4% in the 4th quarter. Norinchukin Bank The now owns 16,168 shares of the company’s stock worth $1,291,000 after buying an additional 966 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Hilton Worldwide by 18.2% in the 3rd quarter. Pacer Advisors Inc. now owns 6,736 shares of the company’s stock worth $468,000 after buying an additional 1,039 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Hilton Worldwide by 17.9% in the 4th quarter. Profund Advisors LLC now owns 6,850 shares of the company’s stock worth $547,000 after buying an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.
Hilton Worldwide Holdings Inc (NYSE:HLT) opened at $81.13 on Tuesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $26,020.00, a PE ratio of 44.58, a price-to-earnings-growth ratio of 5.86 and a beta of 1.33. Hilton Worldwide Holdings Inc has a one year low of $55.91 and a one year high of $88.11.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 2nd will be paid a $0.15 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. Hilton Worldwide’s dividend payout ratio is currently 32.97%.
Hilton Worldwide declared that its Board of Directors has approved a share buyback program on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently commented on HLT shares. Argus upped their price target on shares of Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a report on Wednesday, January 3rd. Morgan Stanley downgraded shares of Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 price target on the stock. in a report on Wednesday, January 17th. Goldman Sachs Group downgraded shares of Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price target on the stock. in a report on Tuesday, November 14th. Barclays reiterated a “hold” rating and set a $88.00 price target on shares of Hilton Worldwide in a report on Friday, February 16th. Finally, Raymond James Financial upgraded shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $78.00 to $69.00 in a report on Monday, January 8th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hilton Worldwide has a consensus rating of “Buy” and a consensus target price of $80.89.
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About Hilton Worldwide
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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