Savoir Faire Capital Management L.P. Acquires 5,130 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Savoir Faire Capital Management L.P. lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 111.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,737 shares of the company's stock after purchasing an additional 5,130 shares during the quarter. Hilton Worldwide comprises 1.9% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 25th largest position. Savoir Faire Capital Management L.P.'s holdings in Hilton Worldwide were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HLT. Norges Bank bought a new stake in shares of Hilton Worldwide during the 4th quarter worth $694,787,000. GAMMA Investing LLC raised its holdings in shares of Hilton Worldwide by 23,543.6% during the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after acquiring an additional 1,049,101 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Hilton Worldwide by 26.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock valued at $806,999,000 after buying an additional 685,023 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Hilton Worldwide by 426.9% during the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after buying an additional 617,604 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HLT shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Barclays decreased their target price on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley decreased their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $250.94.

Hilton Worldwide Trading Up 0.1%

Shares of HLT stock traded up $0.39 on Friday, hitting $272.60. The stock had a trading volume of 2,352,514 shares, compared to its average volume of 1,794,985. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The firm has a market cap of $64.80 billion, a P/E ratio of 43.00, a PEG ratio of 2.79 and a beta of 1.25. The company has a fifty day moving average price of $257.75 and a two-hundred day moving average price of $245.94.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the business earned $1.53 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were issued a $0.15 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's payout ratio is 9.46%.

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.