Haven Capital Group Inc. Acquires New Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Haven Capital Group Inc. purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,717 shares of the company’s stock, valued at approximately $3,143,000. Hilton Worldwide comprises approximately 3.0% of Haven Capital Group Inc.’s holdings, making the stock its 14th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Hilton Worldwide by 2.1% in the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after buying an additional 226,223 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after buying an additional 121,900 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock valued at $840,164,000 after purchasing an additional 164,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hilton Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company’s stock valued at $394,748,000 after purchasing an additional 39,786 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HLT shares. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Raymond James lifted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Macquarie raised their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $250.61.

Hilton Worldwide Stock Up 2.2 %

HLT stock opened at $234.33 on Tuesday. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The company has a market capitalization of $56.38 billion, a PE ratio of 38.10, a P/E/G ratio of 2.86 and a beta of 1.29. The stock’s 50 day moving average is $253.19 and its two-hundred day moving average is $244.13.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

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.