Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Raised by Park Place Capital Corp

Park Place Capital Corp raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.8% during the 1st quarter, HoldingsChannel reports. The fund owned 5,367 shares of the company’s stock after purchasing an additional 568 shares during the period. Park Place Capital Corp’s holdings in Hilton Worldwide were worth $1,145,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HLT. Putnam Investments LLC increased its stake in Hilton Worldwide by 6.0% in the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after buying an additional 216,219 shares during the period. Norges Bank acquired a new position in shares of Hilton Worldwide in the fourth quarter worth $475,073,000. TD Asset Management Inc raised its holdings in shares of Hilton Worldwide by 16.2% during the fourth quarter. TD Asset Management Inc now owns 2,074,498 shares of the company’s stock worth $377,745,000 after acquiring an additional 288,587 shares in the last quarter. Darsana Capital Partners LP boosted its position in Hilton Worldwide by 14.3% during the third quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company’s stock valued at $300,360,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Capital World Investors grew its stake in Hilton Worldwide by 0.7% in the fourth quarter. Capital World Investors now owns 1,880,938 shares of the company’s stock valued at $342,500,000 after purchasing an additional 12,942 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLT has been the subject of several research reports. HSBC lifted their price target on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Mizuho decreased their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Evercore ISI raised their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Wednesday, March 20th. Macquarie reiterated a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday, April 24th. Finally, Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target for the company. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.00.

Insiders Place Their Bets

In other news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT traded down $3.97 during mid-day trading on Monday, hitting $214.23. The company’s stock had a trading volume of 1,564,421 shares, compared to its average volume of 1,575,221. Hilton Worldwide Holdings Inc. has a one year low of $142.50 and a one year high of $218.82. The stock’s 50-day moving average is $205.11 and its two-hundred day moving average is $199.24. The firm has a market capitalization of $53.57 billion, a PE ratio of 46.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

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.