Hound Partners LLC cut its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,328,112 shares of the company’s stock after selling 1,981,721 shares during the quarter. Hilton Worldwide makes up approximately 11.7% of Hound Partners LLC’s holdings, making the stock its largest holding. Hound Partners LLC owned about 1.67% of Hilton Worldwide worth $425,503,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of HLT. BlackRock Inc. boosted its position in Hilton Worldwide by 7.2% during the 4th quarter. BlackRock Inc. now owns 12,876,314 shares of the company’s stock valued at $1,028,303,000 after acquiring an additional 862,504 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Hilton Worldwide by 19.0% during the 3rd 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 in the last quarter. Capital International Investors bought a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $267,430,000. Geode Capital Management LLC boosted its position in Hilton Worldwide by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 2,120,355 shares of the company’s stock valued at $168,974,000 after acquiring an additional 74,283 shares in the last quarter. Finally, Cbre Clarion Securities LLC boosted its position in Hilton Worldwide by 54.0% during the 4th quarter. Cbre Clarion Securities LLC now owns 1,460,632 shares of the company’s stock valued at $116,646,000 after acquiring an additional 511,991 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors.
Several analysts have weighed in on HLT shares. Goldman Sachs Group cut Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 price objective on the stock. in a research report on Tuesday, November 14th. Morgan Stanley reaffirmed a “buy” rating on shares of Hilton Worldwide in a research report on Friday, December 8th. Argus boosted their price target on Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, January 3rd. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $78.00 to $69.00 in a research report on Monday, January 8th. Finally, Royal Bank of Canada boosted their price target on Hilton Worldwide to $96.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Hilton Worldwide presently has an average rating of “Buy” and a consensus target price of $80.89.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. analysts anticipate that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current year.
Hilton Worldwide declared that its Board of Directors has authorized a share repurchase program on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors 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 yield of 0.74%. Hilton Worldwide’s payout ratio is currently 15.42%.
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Hilton Worldwide 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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