CoreCap Advisors LLC Makes New $204,000 Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

CoreCap Advisors LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,118 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $31,000. Bartlett & Co. LLC bought a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $33,000. VitalStone Financial LLC raised its stake in shares of Hilton Worldwide by 115.4% during the first quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Hilton Worldwide by 494.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLT. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. TD Cowen boosted their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Truist Financial reissued a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Finally, BMO Capital Markets boosted their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $197.78.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $214.34 on Thursday. The firm has a market capitalization of $54.05 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 1-year low of $131.64 and a 1-year high of $215.14. The company’s fifty day moving average price is $199.10 and its 200-day moving average price is $176.34.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Thursday, February 22nd. Hilton Worldwide’s payout ratio is currently 13.86%.

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.