Hilton reported strong quarterly earnings and launched a $3.5B buyback plan as stake ownership increased.

Franklin Resources Inc. increased its Hilton Worldwide Holdings Inc. (HLT) stake by 121,900 shares, totaling 1.68% ownership. Hilton initiated a $3.5 billion buyback plan and declared a $0.15 per share dividend. HLT's quarterly earnings beat expectations with EPS of $1.92, and revenue up 7.3% year-over-year. Stock analysts have mixed ratings, with Goldman Sachs assigning a "buy" rating and Wells Fargo an "equal weight." M&T Bank also increased its HLT stake by 3.69%.

3 months ago
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