Polymer Capital Management US LLC Acquires Shares of 3,015 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Polymer Capital Management US LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,015 shares of the company’s stock, valued at approximately $745,000.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $765,000. Jones Financial Companies Lllp lifted its stake in shares of Hilton Worldwide by 194.8% in 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 during the period. Amundi boosted its position in shares of Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock valued at $232,098,000 after purchasing an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after purchasing an additional 4,846 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLT. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upped 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $254.56.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 4.0 %

HLT opened at $208.72 on Monday. The business’s fifty day simple moving average is $248.39 and its 200-day simple moving average is $245.29. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

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

Hilton Worldwide Dividend Announcement

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

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.