Aperio Group LLC lifted its stake in shares of Hilton Worldwide (NYSE:HLT) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,019 shares of the company’s stock after acquiring an additional 4,603 shares during the period. Aperio Group LLC’s holdings in Hilton Worldwide were worth $3,388,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ING Groep NV purchased a new position in shares of Hilton Worldwide during the 1st quarter worth $1,627,000. Schwab Charles Investment Management Inc. raised its holdings in Hilton Worldwide by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 846,017 shares of the company’s stock valued at $66,633,000 after buying an additional 36,997 shares during the period. Eaton Vance Management raised its holdings in Hilton Worldwide by 48.7% in the 1st quarter. Eaton Vance Management now owns 76,440 shares of the company’s stock valued at $6,020,000 after buying an additional 25,051 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Hilton Worldwide by 6.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 155,154 shares of the company’s stock valued at $12,220,000 after buying an additional 9,637 shares during the period. Finally, Barings LLC raised its holdings in Hilton Worldwide by 11.1% in the 1st quarter. Barings LLC now owns 530,828 shares of the company’s stock valued at $41,808,000 after buying an additional 53,038 shares during the period. Institutional investors and hedge funds own 74.60% of the company’s stock.
Hilton Worldwide traded up $0.20, reaching $82.93, on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 2,126,983 shares, compared to its average volume of 3,270,432. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.75. The company has a market capitalization of $25.23 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. Hilton Worldwide has a fifty-two week low of $60.54 and a fifty-two week high of $88.11.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, April 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. equities analysts anticipate that Hilton Worldwide will post 2.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 11th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is 30.00%.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Several brokerages recently issued reports on HLT. Wells Fargo & Co boosted their price objective on shares of Hilton Worldwide from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. ValuEngine upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Zacks Investment Research lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, March 12th. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, TheStreet upgraded shares of Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $84.88.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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