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Fukoku Mutual Life Insurance Company boosted its position in Hilton Worldwide Holdings (NYSE:HLT – Get Rating) by 102.5% in the third quarter, according to its latest SEC filing. The institutional investor owned his 3,625 shares of the company’s stock after purchasing an additional 1,835 of his shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Hilton Worldwide were valued at $437,000 as of the latest SEC filing.
Other institutional investors have increased or decreased their stakes in the company. Larson Financial Group LLC increased its stake in Hilton Worldwide by 32.5% in the second quarter. Larson Financial Group LLC now owns 322 shares worth $36,000 after acquiring an additional 79 shares during the previous quarter. Allworth Financial LP increased its stake in Hilton Worldwide by 1,024.1% in the third quarter. Allworth Financial LP now owns 326 shares of the company worth $39,000 after acquiring an additional 297 shares during the previous quarter. Private Trust Co. NA purchased a new position in Hilton Worldwide in the second quarter for approximately $39,000. Twin Lakes Capital Management LLC purchased a new position in Hilton Worldwide in the third quarter for approximately $44,000. Finally, Ronald Blue Trust Inc. purchased a new position in Hilton Worldwide in the second quarter for approximately $68,000. 95.66% of the shares are owned by institutional investors.
Wall Street analyst opinion
Many research firms are affiliated with HLT. Redburn Partners began coverage of Hilton Worldwide’s stock in his Notes for Research on Wednesday, November 30. They gave the stock a “neutral” rating. Citigroup downgraded Hilton Worldwide’s stock from ‘buy’ to ‘neutral’ and lowered the company’s price target from $150.00 to $148.00. Jefferies Financial Group downgraded Hilton Worldwide’s stock from a ‘buy’ rating to a ‘hold’ rating and lowered the company’s price target to $134.00 from $153.00. Barclays has raised its price target for Hilton Worldwide from $133.00 to $139.00, giving the company an “equal-weighted” rating in its research notes on Thursday, December 15. Finally, Deutsche Bank Aktiengesellschaft raised its price target for Hilton Worldwide from $120.00 to $123.00 in a research note on Thursday, October 27. Nine analysts rated the stock with a holding rating and five assigned a buy rating to the company’s stock. Based on MarketBeat data, the company’s current average valuation is ‘Hold’ with a consensus price target of $148.54.
insider bet
In another Hilton Worldwide news, insider Michael W. Duffy sold 5,555 shares of the company in a transaction on Thursday, Dec. 1. The shares sold for an average of $143.08, giving him a total of $794,809.40. After the sale, insiders now own 24,042 shares of the Company’s stock valued at approximately $3,439,929.36. The sale was disclosed in legal filings with the SEC available at this hyperlink. The insider owns his 2.40% of the company’s shares.
Hilton Worldwide Stock Performance
HLT shares opened at $136.88 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $108.41 and a 52-week high of $167.99. The company has a 50-day moving average of $133.74 and a 200-day moving average of $128.85. The company has a market capitalization of $37.02 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.55 and a beta of 1.22.
Hilton Worldwide (NYSE:HLT – Get Rating) announced final results on Wednesday, October 26th. The company reported quarterly EPS of $1.31, $0.06 above consensus expectations of $1.25. Hilton Worldwide had a net profit margin of 13.15% and a return on equity of 139.79%. The company’s revenue for the quarter was $2.37 billion, compared with analyst estimates of $2.37 billion. As a group, analysts expect Hilton Worldwide Holdings to post 4.54 EPS this year.
Hilton Worldwide Dividend Announcement
The company recently announced a quarterly dividend, which was paid out on Friday, December 30th. A dividend of $0.15 was issued to shareholders of record on Thursday, November 10. This represents his $0.60 dividend and his 0.44% yield on an annual basis. The ex-dividend date was Wednesday, November 9. Hilton Worldwide’s dividend payout ratio (DPR) is currently 15.58%.
Hilton Worldwide announced that its Board of Directors initiated a share buyback program on Friday, November 11. This repurchase authorization allows the company to purchase up to 6.7% of its shares through open market purchases. Share buyback programs often indicate that a company’s management thinks its stock is undervalued.
About Hilton Worldwide
(get rating)
Hilton Worldwide Holdings, a hospitality company, owns, leases, manages, develops and franchises hotels and resorts. It operates through two segments: management and franchises, and ownership. The company manages hotels and licenses brands. Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by I run a Hilton hotel. , 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, Hilton Grand Vacations.
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