Whitebark Investors LP Invests $6.54 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Whitebark Investors LP bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,462 shares of the company's stock, valued at approximately $6,540,000. Hilton Worldwide comprises about 3.0% of Whitebark Investors LP's investment portfolio, making the stock its 8th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake in shares of Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares in the last quarter. Amundi boosted its position in Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after acquiring an additional 4,846 shares during the period. SVB Wealth LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $1,138,000. Finally, NewEdge Wealth LLC raised its position in shares of Hilton Worldwide by 16.8% in the 4th quarter. NewEdge Wealth LLC now owns 7,120 shares of the company's stock worth $1,760,000 after acquiring an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLT shares. Robert W. Baird upped their price target on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Barclays lowered their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Mizuho restated a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, Evercore ISI lowered their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $256.44 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22. The company has a market cap of $60.96 billion, a P/E ratio of 41.70, a PEG ratio of 2.86 and a beta of 1.23. The stock's fifty day moving average price is $226.91 and its 200-day moving average price is $243.43.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 0.23%. 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.

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