Woodline Partners LP Takes $3.62 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Woodline Partners LP acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,640 shares of the company's stock, valued at approximately $3,618,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Noble Wealth Management PBC acquired a new stake in Hilton Worldwide in the fourth quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide in the 4th quarter worth approximately $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $41,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Truist Financial dropped their price target on Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Macquarie reduced their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Susquehanna upped their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Stock Performance

Shares of HLT traded down $2.55 during trading hours on Thursday, hitting $248.24. The stock had a trading volume of 1,034,193 shares, compared to its average volume of 1,757,654. The firm has a 50-day moving average price of $229.58 and a 200 day moving average price of $243.74. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The firm has a market capitalization of $59.01 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data 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 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company's revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Hilton Worldwide 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.