Hilton Worldwide Holdings Inc. (NYSE:HLT) has seen some notable movements. Harvest Portfolios Group Inc. sold its shares while AIA Group Ltd, Fiera Capital Corp and China Universal Asset Management Co. Ltd. increased their stakes. Despite Hilton's Q3 earnings and revenues surpassing estimates, the stock went down due to a softer-than-expected outlook and concerns about leisure travel slowdown. However, the overall industry trends continue being positive with Hilton stock value increasing by 50% in the past year. Hilton Worldwide is being considered as top stock by Bill Ackman and stock analysts set a new price target of $220.00. The company announced a $0.15 quarterly dividend and claimed that its Q2 earnings surpassed estimates despite lagging revenues. Interestingly, Hilton also plans on a senior notes offering and its shares reached new 1-year high although its earning outlook was trimmed amid concerns about softening travel demand. Finally, Hilton made an official announcement about third quarter 2024 earnings release date and introduced Madinahβs first Waldorf Astoria. In the end, despite some opponents downgrading Hilton to Hold, many agree that Hilton's Asset-Light approach can continue to reward investors.
Hilton Stocks HLT News Analytics from Mon, 04 Jul 2016 05:58:50 GMT to Fri, 08 Nov 2024 17:44:46 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -1