State of Alaska Department of Revenue increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 2.0% during the second quarter, Holdings Channel.com reports. The firm owned 39,996 shares of the company’s stock after buying an additional 800 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hilton Worldwide were worth $4,457,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of HLT. Covestor Ltd bought a new position in Hilton Worldwide during the 4th quarter valued at $25,000. Mystic Asset Management Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at $26,000. Riverview Trust Co bought a new position in Hilton Worldwide during the 1st quarter valued at $34,000. Vigilant Capital Management LLC bought a new position in Hilton Worldwide during the 2nd quarter valued at $48,000. Finally, Parkside Financial Bank & Trust lifted its stake in Hilton Worldwide by 34.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $57,000 after acquiring an additional 94 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
HLT has been the topic of several recent analyst reports. Barclays initiated coverage on Hilton Worldwide in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Hilton Worldwide from $141.00 to $120.00 in a research report on Thursday, July 28th. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a research report on Monday, July 11th. UBS Group raised their target price on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Cowen decreased their target price on Hilton Worldwide to $130.00 in a research report on Friday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $151.06.
Hilton Worldwide Stock Down 5.4 %
Shares of NYSE HLT opened at $124.63 on Thursday. Hilton Worldwide Holdings Inc. has a 52 week low of $108.41 and a 52 week high of $167.99. The business has a 50-day simple moving average of $129.63 and a two-hundred day simple moving average of $134.92. The company has a market cap of $34.18 billion, a P/E ratio of 36.12, a P/E/G ratio of 0.59 and a beta of 1.25.
Hilton Worldwide (NYSE:HLT – Get Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.05 by $0.24. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.10 billion. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The firm’s revenue was up 68.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.39 EPS for the current year.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.48%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 17.39%.
Hilton Worldwide 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. It operates hotels under the 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 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, and Hilton Grand Vacations.
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