Wells Fargo & Company MN reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 67.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643,065 shares of the company’s stock after selling 1,318,152 shares during the period. Wells Fargo & Company MN owned about 0.06% of Hilton Worldwide Holdings worth $14,746,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Hilton Worldwide Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 23,873,672 shares of the company’s stock worth $537,875,000 after buying an additional 798,781 shares during the last quarter. Vulcan Value Partners LLC increased its stake in Hilton Worldwide Holdings by 58.0% in the second quarter. Vulcan Value Partners LLC now owns 17,641,732 shares of the company’s stock worth $397,469,000 after buying an additional 6,474,297 shares during the last quarter. Cohen & Steers Inc. increased its stake in Hilton Worldwide Holdings by 198,247.5% in the second quarter. Cohen & Steers Inc. now owns 14,915,734 shares of the company’s stock worth $336,051,000 after buying an additional 14,908,214 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hilton Worldwide Holdings by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,511,900 shares of the company’s stock worth $281,893,000 after buying an additional 250,055 shares during the last quarter. Finally, State Street Corp increased its stake in Hilton Worldwide Holdings by 0.9% in the second quarter. State Street Corp now owns 8,836,551 shares of the company’s stock worth $199,093,000 after buying an additional 78,374 shares during the last quarter.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded up 1.12% during midday trading on Friday, reaching $25.31. The company had a trading volume of 2,231,811 shares. Hilton Worldwide Holdings Inc. has a 1-year low of $16.16 and a 1-year high of $25.45. The firm’s 50 day moving average price is $23.28 and its 200-day moving average price is $22.94. The stock has a market capitalization of $25.05 billion, a price-to-earnings ratio of 16.23 and a beta of 1.24.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3 billion. Hilton Worldwide Holdings had a net margin of 13.35% and a return on equity of 13.84%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post $0.87 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, November 8th. Hilton Worldwide Holdings’s dividend payout ratio is presently 17.95%.
HLT has been the subject of a number of recent research reports. set a $27.00 target price on Hilton Worldwide Holdings and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Citigroup Inc. boosted their target price on Hilton Worldwide Holdings from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded Hilton Worldwide Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. Sanford C. Bernstein started coverage on Hilton Worldwide Holdings in a research report on Thursday, September 8th. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Hilton Worldwide Holdings in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.47.
About Hilton Worldwide Holdings