III Capital Management Buys Shares of 9,000 Hilton Worldwide Holdings Inc. (NYSE:HLT)

III Capital Management bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,000 shares of the company’s stock, valued at approximately $1,639,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the fourth quarter worth about $25,000. Activest Wealth Management acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $37,000. Finally, Anchor Investment Management LLC acquired a new position in Hilton Worldwide in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

HLT traded up $1.06 during midday trading on Tuesday, reaching $205.88. 1,394,215 shares of the company’s stock traded hands, compared to its average volume of 1,548,701. The firm has a fifty day moving average of $202.98 and a two-hundred day moving average of $194.98. The stock has a market capitalization of $51.48 billion, a price-to-earnings ratio of 44.53, a P/E/G ratio of 1.77 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52 week low of $136.76 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Buying and Selling

In related news, Director Melanie Healey purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HLT has been the topic of several recent analyst reports. Macquarie reiterated a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday, April 24th. TD Cowen lifted their target price on Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. UBS Group boosted their price objective on Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Barclays boosted their price objective on Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.59.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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 luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.