Hurley Capital LLC Invests $1.86 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hurley Capital LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,561 shares of the company’s stock, valued at approximately $1,864,000. Hilton Worldwide accounts for 1.5% of Hurley Capital LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wedbush Securities Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at $204,000. Envestnet Asset Management Inc. boosted its position in shares of Hilton Worldwide by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 480,755 shares of the company’s stock worth $118,823,000 after buying an additional 13,661 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Hilton Worldwide by 21.5% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,983,220 shares of the company’s stock valued at $490,173,000 after buying an additional 350,748 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $18,260,000. Finally, Cinctive Capital Management LP purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $1,645,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

HLT opened at $208.72 on Friday. The business has a 50 day moving average price of $248.39 and a two-hundred day moving average price of $244.95. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HLT. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Truist Financial cut their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Morgan Stanley raised their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group boosted their price target on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $254.56.

Insider Buying and Selling

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

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.