CVA Family Office LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

CVA Family Office LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 370 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. Raymond James & Associates increased its stake in Hilton Worldwide by 2.2% in the fourth quarter. Raymond James & Associates now owns 272,398 shares of the company’s stock worth $49,601,000 after purchasing an additional 5,877 shares during the period. CoreCap Advisors LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $204,000. Compagnie Lombard Odier SCmA purchased a new position in Hilton Worldwide in the 4th quarter worth about $200,000. Premier Path Wealth Partners LLC bought a new stake in Hilton Worldwide during the 4th quarter valued at about $496,000. Finally, Everhart Financial Group Inc. boosted its position in Hilton Worldwide by 15.2% in the 4th quarter. Everhart Financial Group Inc. now owns 1,972 shares of the company’s stock valued at $359,000 after buying an additional 260 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Up 0.6 %

Shares of Hilton Worldwide stock opened at $214.34 on Thursday. The firm has a market capitalization of $54.05 billion, a P/E ratio of 49.50, a PEG ratio of 1.86 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 52 week low of $131.64 and a 52 week high of $215.14. The company has a 50 day moving average price of $199.10 and a 200 day moving average price of $176.34.

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

Hilton Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Truist Financial restated a “hold” rating and set a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Macquarie raised their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Barclays upped their price target on shares of Hilton Worldwide from $200.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.78.

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.