Brooklyn Investment Group Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brooklyn Investment Group raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,282 shares of the company’s stock after buying an additional 154 shares during the quarter. Brooklyn Investment Group’s holdings in Hilton Worldwide were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HLT. GHP Investment Advisors Inc. acquired a new stake in Hilton Worldwide during the 3rd quarter worth $25,000. Groupama Asset Managment boosted its stake in shares of Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after buying an additional 4,118 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth about $38,000. True Wealth Design LLC increased its position in Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth approximately $46,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of recent research reports. Truist Financial boosted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company dropped their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $238.24.

Hilton Worldwide Stock Up 0.0 %

NYSE:HLT opened at $246.69 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $182.86 and a 52-week high of $259.01. The stock has a fifty day simple moving average of $249.51 and a 200-day simple moving average of $232.07. The company has a market capitalization of $60.14 billion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 15th. Hilton Worldwide’s payout ratio is 12.88%.

Hilton Worldwide Company 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.