Traders Buy Shares of Hilton Worldwide (HLT) on Weakness
Investors purchased shares of Hilton Worldwide (NYSE:HLT) on weakness during trading hours on Tuesday. $110.65 million flowed into the stock on the tick-up and $21.15 million flowed out of the stock on the tick-down, for a money net flow of $89.50 million into the stock. Of all equities tracked, Hilton Worldwide had the 8th highest net in-flow for the day. Hilton Worldwide traded down ($0.08) for the day and closed at $79.19
HLT has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Jefferies Financial Group initiated coverage on shares of Hilton Worldwide in a research note on Thursday, May 31st. They issued a “hold” rating and a $91.00 target price on the stock. Deutsche Bank raised their target price on shares of Hilton Worldwide from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 20th. Goldman Sachs Group downgraded shares of Hilton Worldwide to a “buy” rating in a research note on Sunday, June 10th. Finally, B. Riley raised their target price on shares of Hilton Worldwide from $84.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, April 27th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Hilton Worldwide presently has a consensus rating of “Buy” and a consensus price target of $84.88.
The company has a market capitalization of $24.29 billion, a P/E ratio of 39.74, a P/E/G ratio of 3.01 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.75.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 30.00%.
In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of Hilton Worldwide stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Hilton Worldwide by 0.3% in the first quarter. BlackRock Inc. now owns 12,911,826 shares of the company’s stock worth $1,016,934,000 after buying an additional 35,512 shares during the period. Principal Financial Group Inc. increased its stake in shares of Hilton Worldwide by 24.2% in the first quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock worth $435,687,000 after buying an additional 1,077,659 shares during the period. Winslow Capital Management LLC increased its stake in shares of Hilton Worldwide by 3.9% in the first quarter. Winslow Capital Management LLC now owns 2,988,458 shares of the company’s stock worth $235,370,000 after buying an additional 111,630 shares during the period. Northern Trust Corp increased its stake in shares of Hilton Worldwide by 6.0% in the first quarter. Northern Trust Corp now owns 2,389,004 shares of the company’s stock worth $188,157,000 after buying an additional 135,914 shares during the period. Finally, OZ Management LP increased its stake in shares of Hilton Worldwide by 13.8% in the first quarter. OZ Management LP now owns 2,154,312 shares of the company’s stock worth $169,673,000 after buying an additional 261,651 shares during the period. 74.71% of the stock is currently owned by institutional investors.
About Hilton Worldwide
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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