Two Sigma Advisers LP grew its stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 203.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 986,040 shares of the company’s stock after buying an additional 661,206 shares during the period. Two Sigma Advisers LP owned 0.31% of Hilton Worldwide worth $78,745,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of HLT. Nationwide Fund Advisors lifted its position in shares of Hilton Worldwide by 362.3% during the 3rd quarter. Nationwide Fund Advisors now owns 274,025 shares of the company’s stock valued at $19,031,000 after buying an additional 214,754 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Hilton Worldwide by 55.8% during the 3rd quarter. Prudential Financial Inc. now owns 527,346 shares of the company’s stock valued at $36,625,000 after buying an additional 188,870 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Hilton Worldwide during the 3rd quarter valued at about $221,000. Swiss National Bank lifted its position in shares of Hilton Worldwide by 4.7% during the 3rd quarter. Swiss National Bank now owns 754,545 shares of the company’s stock valued at $52,403,000 after buying an additional 33,779 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Hilton Worldwide by 6.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 14,598 shares of the company’s stock valued at $1,014,000 after buying an additional 843 shares in the last quarter. 98.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hilton Worldwide Holdings Inc (NYSE HLT) opened at $81.25 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide Holdings Inc has a 12 month low of $55.91 and a 12 month high of $88.11. The stock has a market capitalization of $25,646.66, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 5.84 and a beta of 1.33.
Hilton Worldwide announced that its board has initiated a share buyback program on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, March 1st. Hilton Worldwide’s payout ratio is 15.42%.
HLT has been the topic of a number of analyst reports. 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 reissued a “buy” rating on shares of Hilton Worldwide in a research note on Friday, December 8th. Argus lifted their target price on Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a research note on Wednesday, January 3rd. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $78.00 to $69.00 in a research note on Monday, January 8th. Finally, Royal Bank of Canada lifted their target price on Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Hilton Worldwide presently has an average rating of “Buy” and a consensus target price of $80.89.
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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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