Hilton Worldwide Holdings Inc. (NYSE: HLT – Get a rating) was the target of a sharp drop in short-term rates during October. As of October 15, there was short interest totaling 4,820,000 shares, a decrease of 10.2% from the total of 5,370,000 shares as of September 30. Based on an average daily volume of 1,820,000 shares, the short interest rate is currently 2.6 days. Approximately 1.8% of the company’s shares are sold short.
Hilton global stock up 0.9%
Shares of Hilton Global Stock traded at $1.24 in Friday’s midday session, reaching $134.64. The company’s shares had a trading volume of 1,671,817 shares, compared to its average volume of 1,921,099. The company has a market capitalization of $36.41 billion, a P/E ratio of 34.97 , a PEG ratio of 0.67 and a beta of 1.21. The stock has a 50-day simple moving average of $127.56 and a 200-day simple moving average of $130.56. Hilton Worldwide has a 1-year minimum of $108.41 and a 1-year maximum of $167.99.
Hilton Worldwide (NYSE: HLT – Get a rating) last reported results on Wednesday, July 27. The company reported EPS of $1.29 for the quarter, beating the consensus estimate of $1.05 by $0.24. The company posted revenue of $2.24 billion in the quarter, versus $2.10 billion expected by analysts. Hilton Worldwide recorded a negative return on equity of 139.79% and a net margin of 13.15%. Hilton Worldwide revenue increased 68.5% over the same quarter last year. During the same quarter last year, the firm posted earnings per share of $0.56. As a group, sell-side analysts expect Hilton Worldwide to post earnings per share of 4.52 for the current year.
Hilton Worldwide announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30. Investors of record on Thursday, November 10 will receive a dividend of $0.15 per share. The ex-date of this dividend is Wednesday, November 9. This represents a dividend of $0.60 on an annualized basis and a yield of 0.45%. Hilton Worldwide’s payout ratio is 15.58%.
Hilton Worldwide Institutional Trade
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Hilton Worldwide by 2.2% during the first quarter. Vanguard Group Inc. now owns 25,683,918 shares of the company valued at $3,897,277,000 after purchasing an additional 552,618 shares last quarter. Capital Research Global Investors increased its stake in Hilton Worldwide by 15.2% during the first quarter. Capital Research Global Investors now owns 13,494,051 shares of the company valued at $2,047,619,000 after purchasing an additional 1,781,374 shares in the last quarter. Price T Rowe Associates Inc. ® increased its stake in Hilton Worldwide by 23.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,908,004 shares of the company valued at $1,327,028,000 after purchasing an additional 2,254,472 shares last quarter. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 6.2% during the second quarter. Principal Financial Group Inc. now owns 9,119,288 shares of the company valued at $1,016,253,000 after purchasing an additional 533,794 shares last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Hilton Worldwide by 16.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company worth $637,433,000 after purchasing an additional 583,516 shares during the period. Institutional investors and hedge funds hold 95.53% of the company’s shares.
Analysts set new price targets
HLT has been the subject of several analyst reports. Evercore ISI upgraded Hilton Worldwide from an “in-line” rating to an “outperforming” rating and lowered its target price for the company from $155.00 to $150.00 in a Monday, July 11 research report. Cowen lowered his target price on Hilton Worldwide to $130.00 in a Friday, July 22 research report. Berenberg Bank upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and raised its target price for the company from $140.00 to $152.00 in a Thursday, September 15 research report. UBS Group raised its price target on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a Wednesday, August 3 research report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Hilton Worldwide from $120.00 to $123.00 in a research report on Thursday. Ten analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $151.00.
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 Property. The company is engaged in hotel management and licensing of its brands. It operates hotels under the names 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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