T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 34.74% to 34.48 million shares with purchase of 8.89 million shares. This fresh investment now brings its stake to 12.44% valued currently at $2.53 billion. In addition, Capital Research & Management Co. raised its holdings by 14.17 million to 21.43 million shares. And Pershing Square Capital Managemen. has lifted its position by 30.62% or 3.23 million shares – to 13.79 million shares.
With over 2.29 million Hilton Worldwide Holdings Inc. (HLT) shares trading Thursday and a closing price of $76.14 on the day, the dollar volume was approximately $174.23 million. The shares have shown a negative weekly performance of -3.45% and its price on 07/30/20 lost nearly -1.62%. Currently, there are 277.00M common shares owned by the public and among those 271.94M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for HLT have a consensus price objective of $80.00. The analysts have set the share’s price value over the next 12 months at a high of $98.00 and a low of $68.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Hilton Worldwide Holdings Inc. stock is 2.60 for the next 12 months. The average price target is 3.62% above its last price level and an upside to the estimated low will see the stock lose -11.97% over that period. But an upside of 22.31% will see the stock hit the forecast high price target while mean target price for the stock is $78.00.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 471,047 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 294,051 shares.
The top 3 mutual fund holders in Hilton Worldwide Holdings Inc. are Pershing Square Holdings Ltd., Vanguard Total Stock Market Index, and T Rowe Price Capital Appreciation. Pershing Square Holdings Ltd. owns 8.53 million shares of the company’s stock, all valued at over $626.29 million. Vanguard Total Stock Market Index sold -0.24 million shares to see its total holdings shrink to 7.91 million shares valued at over $580.9 million and representing 2.85% of the shares outstanding. T Rowe Price Capital Appreciation sold -1.16 million shares to bring its total holdings to over 7.88 million shares at a value of $578.87 million. T Rowe Price Capital Appreciation now owns shares totaling to 2.84% of the shares outstanding.
Shares of Hilton Worldwide Holdings Inc. (NYSE: HLT) opened at $76.50, down -$0.89 from a prior closing price of $77.39. However, the script later closed the day at $76.14, down -1.62%. The company’s stock has a 5-day price change of -3.45% and 0.57% over the past three months. HLT shares are trading -31.35% year to date (YTD), with the 12-month market performance down to -21.14% lower. It has a 12-month low price of $44.30 and touched a high of $115.48 over the same period. Currently, 2.29 million shares have been traded, compared to an average intraday trading volume of 3.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.00%, -2.72%, and -14.68% respectively.
Institutional ownership of Hilton Worldwide Holdings Inc. (NYSE: HLT) 277.00M shares outstanding. Mutual fund holders own 45.40%, while other institutional holders and individual stakeholders account for 56.49% and 14.19% respectively.
It has a market capitalization of $21.50B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 29.61, while the earnings-per-share (ttm) stands at $2.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.95% over the week and 2.83% over the month.
Analysts forecast that Hilton Worldwide Holdings Inc. (HLT) will achieve an EPS of -$0.31 for the current quarter, $0.15 for the next quarter and $2.52 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.68 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $1.06 a year ago. Earnings per share for the fiscal year are expected to increase by 19.20%, and 147.79% over the next financial year. EPS should shrink at an annualized rate of -3.38% over the next five years, compared to 8.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate Hilton Worldwide Holdings Inc. (HLT) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 15 of the 25 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the HLT, a number of firms have released research notes about the stock. Gordon Haskett stated their Hold rating for the stock in a research note on June 26, 2020, with the firm’s price target at $77. Barclays coverage for the Hilton Worldwide Holdings Inc. (HLT) stock in a research note released on June 22, 2020 offered a Overweight rating with a price target of $90. Wolfe Research was of a view on April 09, 2020 that the stock is Peer Perform, while Argus gave the stock Hold rating on April 09, 2020, issuing a price target of. Citigroup on their part issued Neutral rating on April 07, 2020.