Altarock Partners LP Takes $22.57 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Altarock Partners LP acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 91,328 shares of the company’s stock, valued at approximately $22,573,000. Hilton Worldwide comprises 0.5% of Altarock Partners LP’s holdings, making the stock its 8th biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in Hilton Worldwide during the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $41,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of HLT opened at $226.01 on Wednesday. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The stock has a 50 day moving average price of $229.06 and a two-hundred day moving average price of $242.60. The firm has a market capitalization of $54.16 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Hilton Worldwide’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HLT shares. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Mizuho reaffirmed a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Morgan Stanley dropped their price target on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James raised their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $243.75.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide 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 value 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. This represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

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.