Catalyst Capital Advisors LLC Purchases 163 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Catalyst Capital Advisors LLC grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 81.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363 shares of the company’s stock after buying an additional 163 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Hilton Worldwide were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new position in shares of Hilton Worldwide during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $34,000. Groupama Asset Managment increased its stake in shares of Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $38,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

HLT opened at $268.60 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The firm has a market capitalization of $65.48 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. The company has a fifty day moving average price of $252.48 and a 200-day moving average price of $238.38.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 57.01%. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.76 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HLT shares. Macquarie raised their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Jefferies Financial Group raised their price target 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. Raymond James raised their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen reduced their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $246.61.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

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.