SurgoCap Partners LP Invests $109.49 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SurgoCap Partners LP acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 443,000 shares of the company's stock, valued at approximately $109,492,000. Hilton Worldwide accounts for 5.6% of SurgoCap Partners LP's investment portfolio, making the stock its 9th biggest position. SurgoCap Partners LP owned about 0.18% of Hilton Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide during the fourth quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide during the fourth quarter worth approximately $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide during the fourth quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

HLT has been the subject of several analyst reports. Raymond James upped their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the stock from $228.00 to $296.00 in a report on Monday, May 12th. Barclays dropped their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Truist Financial lowered their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Macquarie reduced their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Trading Down 2.5%

Hilton Worldwide stock traded down $6.45 during midday trading on Wednesday, hitting $246.96. The stock had a trading volume of 2,064,974 shares, compared to its average volume of 1,764,889. The firm's fifty day moving average is $227.52 and its two-hundred day moving average is $243.50. The company has a market capitalization of $58.70 billion, a PE ratio of 40.16, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 52-week low of $194.93 and a 52-week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the company earned $1.53 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be given a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide's dividend payout ratio is presently 9.46%.

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.