Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) – Investment analysts at Jefferies Financial Group increased their Q3 2022 earnings estimates for Hilton Worldwide in a research note issued to investors on Wednesday, July 27th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $1.24 per share for the quarter, up from their prior forecast of $1.09. The consensus estimate for Hilton Worldwide’s current full-year earnings is $3.98 per share. Jefferies Financial Group also issued estimates for Hilton Worldwide’s Q4 2022 earnings at $1.09 EPS, Q1 2023 earnings at $0.99 EPS, Q4 2023 earnings at $1.15 EPS, FY2023 earnings at $4.78 EPS, Q1 2024 earnings at $1.02 EPS and FY2024 earnings at $5.19 EPS.
Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. Hilton Worldwide had a net margin of 11.00% and a negative return on equity of 76.75%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 68.5% compared to the same quarter last year.
Hilton Worldwide Price Performance
HLT stock opened at $128.07 on Friday. Hilton Worldwide has a one year low of $108.41 and a one year high of $167.99. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 49.45 and a beta of 1.24. The company has a fifty day moving average price of $123.30 and a two-hundred day moving average price of $138.83.
Institutional Trading of Hilton Worldwide
Several institutional investors have recently added to or reduced their stakes in HLT. D1 Capital Partners L.P. bought a new stake in Hilton Worldwide in the fourth quarter valued at approximately $400,946,000. Norges Bank bought a new stake in Hilton Worldwide in the fourth quarter valued at approximately $364,271,000. Massachusetts Financial Services Co. MA bought a new stake in Hilton Worldwide in the fourth quarter valued at approximately $352,916,000. Capital Research Global Investors boosted its holdings in Hilton Worldwide by 15.2% in the first quarter. Capital Research Global Investors now owns 13,494,051 shares of the company’s stock valued at $2,047,619,000 after acquiring an additional 1,781,374 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Hilton Worldwide by 1,550.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,515,393 shares of the company’s stock valued at $236,385,000 after acquiring an additional 1,423,583 shares during the last quarter. 97.94% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the insider now directly owns 253,714 shares in the company, valued at $30,445,680. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Douglas M. Steenland purchased 1,967 shares of Hilton Worldwide stock in a transaction dated Tuesday, May 24th. The shares were bought at an average cost of $127.69 per share, for a total transaction of $251,166.23. Following the completion of the acquisition, the director now owns 24,053 shares in the company, valued at approximately $3,071,327.57. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the sale, the insider now owns 253,714 shares in the company, valued at $30,445,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,000 shares of company stock valued at $1,126,020. 2.40% of the stock is currently owned by corporate insiders.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.47%. The ex-dividend date is Thursday, August 25th. Hilton Worldwide’s payout ratio is 23.17%.
Hilton Worldwide Company 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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