Citigroup Inc. decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 33.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,944 shares of the company’s stock after selling 96,219 shares during the period. Citigroup Inc. owned about 0.07% of Hilton Worldwide worth $27,646,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Hilton Worldwide by 96.6% during the second quarter. Cetera Investment Advisers now owns 12,212 shares of the company’s stock valued at $1,777,000 after buying an additional 6,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 876,440 shares of the company’s stock worth $127,561,000 after purchasing an additional 2,829 shares during the last quarter. TD Asset Management Inc boosted its position in Hilton Worldwide by 1.5% in the second quarter. TD Asset Management Inc now owns 1,744,746 shares of the company’s stock worth $253,948,000 after purchasing an additional 26,126 shares during the last quarter. Cumberland Partners Ltd boosted its position in Hilton Worldwide by 14.7% in the second quarter. Cumberland Partners Ltd now owns 9,750 shares of the company’s stock worth $1,419,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Hilton Worldwide by 4.1% in the second quarter. Canada Pension Plan Investment Board now owns 60,400 shares of the company’s stock worth $8,791,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.
Insider Activity at Hilton Worldwide
In related news, insider Kristin Ann Campbell sold 8,286 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the completion of the sale, the insider now directly owns 230,097 shares in the company, valued at approximately $35,441,840.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hilton Worldwide news, insider Christopher W. Silcock sold 10,863 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total value of $1,809,884.43. Following the completion of the sale, the insider now owns 58,256 shares in the company, valued at approximately $9,706,032.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kristin Ann Campbell sold 8,286 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $154.03, for a total value of $1,276,292.58. Following the completion of the sale, the insider now owns 230,097 shares of the company’s stock, valued at approximately $35,441,840.91. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Hilton Worldwide Stock Up 0.7 %
Shares of NYSE HLT opened at $168.29 on Friday. The stock’s 50-day simple moving average is $153.49 and its two-hundred day simple moving average is $148.98. Hilton Worldwide Holdings Inc. has a twelve month low of $123.74 and a twelve month high of $168.90. The firm has a market capitalization of $43.16 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.68 and a beta of 1.20.
Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.67. Hilton Worldwide had a negative return on equity of 115.21% and a net margin of 13.13%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.08 EPS for the current fiscal year.
Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 9th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide’s dividend payout ratio is presently 12.07%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of recent research reports. HSBC initiated coverage on Hilton Worldwide in a research report on Monday, October 23rd. They set a “buy” rating and a $191.00 price target on the stock. Raymond James upped their price target on Hilton Worldwide from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. TD Cowen upped their price target on Hilton Worldwide from $148.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, September 12th. Morgan Stanley boosted their price objective on Hilton Worldwide from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Truist Financial boosted their price objective on Hilton Worldwide from $172.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $162.71.
Check Out Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company Profile
(Free Report)
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hilton Worldwide, you’ll want to hear this.
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While Hilton Worldwide currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Citigroup Inc. decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 33.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,944 shares of the company’s stock after selling 96,219 shares during the period. Citigroup Inc. owned about 0.07% of Hilton Worldwide worth $27,646,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Hilton Worldwide by 96.6% during the second quarter. Cetera Investment Advisers now owns 12,212 shares of the company’s stock valued at $1,777,000 after buying an additional 6,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 876,440 shares of the company’s stock worth $127,561,000 after purchasing an additional 2,829 shares during the last quarter. TD Asset Management Inc boosted its position in Hilton Worldwide by 1.5% in the second quarter. TD Asset Management Inc now owns 1,744,746 shares of the company’s stock worth $253,948,000 after purchasing an additional 26,126 shares during the last quarter. Cumberland Partners Ltd boosted its position in Hilton Worldwide by 14.7% in the second quarter. Cumberland Partners Ltd now owns 9,750 shares of the company’s stock worth $1,419,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Hilton Worldwide by 4.1% in the second quarter. Canada Pension Plan Investment Board now owns 60,400 shares of the company’s stock worth $8,791,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.
Insider Activity at Hilton Worldwide
In related news, insider Kristin Ann Campbell sold 8,286 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the completion of the sale, the insider now directly owns 230,097 shares in the company, valued at approximately $35,441,840.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hilton Worldwide news, insider Christopher W. Silcock sold 10,863 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total value of $1,809,884.43. Following the completion of the sale, the insider now owns 58,256 shares in the company, valued at approximately $9,706,032.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kristin Ann Campbell sold 8,286 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $154.03, for a total value of $1,276,292.58. Following the completion of the sale, the insider now owns 230,097 shares of the company’s stock, valued at approximately $35,441,840.91. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Hilton Worldwide Stock Up 0.7 %
Shares of NYSE HLT opened at $168.29 on Friday. The stock’s 50-day simple moving average is $153.49 and its two-hundred day simple moving average is $148.98. Hilton Worldwide Holdings Inc. has a twelve month low of $123.74 and a twelve month high of $168.90. The firm has a market capitalization of $43.16 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.68 and a beta of 1.20.
Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.67. Hilton Worldwide had a negative return on equity of 115.21% and a net margin of 13.13%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.08 EPS for the current fiscal year.
Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 9th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide’s dividend payout ratio is presently 12.07%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of recent research reports. HSBC initiated coverage on Hilton Worldwide in a research report on Monday, October 23rd. They set a “buy” rating and a $191.00 price target on the stock. Raymond James upped their price target on Hilton Worldwide from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. TD Cowen upped their price target on Hilton Worldwide from $148.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, September 12th. Morgan Stanley boosted their price objective on Hilton Worldwide from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Truist Financial boosted their price objective on Hilton Worldwide from $172.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $162.71.
Check Out Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide Company Profile
(Free Report)
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hilton Worldwide, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hilton Worldwide wasn’t on the list.
While Hilton Worldwide currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Get This Free Report
Source: marketbeat.com
