Syon Capital LLC Buys New Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Syon Capital LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,454 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in Hilton Worldwide in the third quarter valued at approximately $31,000. Czech National Bank increased its position in shares of Hilton Worldwide by 45.9% in the 3rd quarter. Czech National Bank now owns 45,708 shares of the company’s stock valued at $6,864,000 after purchasing an additional 14,381 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Hilton Worldwide by 6.1% in the 3rd quarter. Ballentine Partners LLC now owns 3,704 shares of the company’s stock valued at $556,000 after purchasing an additional 212 shares in the last quarter. PDS Planning Inc purchased a new stake in shares of Hilton Worldwide during the 3rd quarter worth $204,000. Finally, SVB Wealth LLC grew its stake in shares of Hilton Worldwide by 24.2% during the third quarter. SVB Wealth LLC now owns 3,283 shares of the company’s stock worth $493,000 after purchasing an additional 640 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Trading Down 0.9 %

Hilton Worldwide stock opened at $202.12 on Friday. The stock has a market capitalization of $50.54 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25. The stock has a 50 day moving average of $205.79 and a two-hundred day moving average of $184.82. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HLT. UBS Group increased their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Macquarie reaffirmed a “neutral” rating and issued a $192.00 target price on shares of Hilton Worldwide in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Truist Financial upped their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research note on Thursday. Finally, HSBC lifted their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.06.

Hilton Worldwide Company Profile

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.