Ergoteles LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,844 shares of the company’s stock, valued at approximately $946,000.
A number of other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in Hilton Worldwide by 32.5% during the second quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Private Trust Co. NA acquired a new stake in Hilton Worldwide during the 2nd quarter valued at $39,000. Allworth Financial LP raised its position in Hilton Worldwide by 1,024.1% in the 3rd quarter. Allworth Financial LP now owns 326 shares of the company’s stock valued at $39,000 after purchasing an additional 297 shares during the last quarter. Twin Lakes Capital Management LLC acquired a new position in Hilton Worldwide in the third quarter worth $44,000. Finally, Quent Capital LLC grew its holdings in shares of Hilton Worldwide by 210.9% during the third quarter. Quent Capital LLC now owns 426 shares of the company’s stock worth $51,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.
Wall Street Analysts Forecast Growth
HLT has been the subject of a number of research analyst reports. Citigroup cut Hilton Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $150.00 to $148.00 in a report on Wednesday, December 14th. Raymond James increased their price target on shares of Hilton Worldwide from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Redburn Partners started coverage on shares of Hilton Worldwide in a research report on Wednesday, November 30th. They issued a “neutral” rating for the company. Cowen increased their price objective on Hilton Worldwide to $140.00 in a research report on Tuesday, November 1st. Finally, BMO Capital Markets boosted their target price on Hilton Worldwide from $145.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, February 10th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and a consensus price target of $149.77.
Insider Buying and Selling
Hilton Worldwide Stock Performance
Shares of NYSE:HLT opened at $144.79 on Monday. The company has a 50 day moving average price of $138.05 and a two-hundred day moving average price of $133.91. The company has a market capitalization of $38.58 billion, a PE ratio of 31.89, a PEG ratio of 0.68 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 52 week low of $108.41 and a 52 week high of $167.99.
Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. Hilton Worldwide had a net margin of 14.31% and a negative return on equity of 155.17%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 5.71 earnings per share for the current year.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hilton Worldwide’s dividend payout ratio is presently 13.22%.
Hilton Worldwide declared that its Board of Directors has approved a stock buyback program on Friday, November 11th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
About Hilton Worldwide
Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.
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