Three Peaks Capital Management LLC Has $9.90 Million Stake in Hilton Worldwide (HLT)

Three Peaks Capital Management LLC lessened its holdings in shares of Hilton Worldwide (NYSE:HLT) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,717 shares of the company’s stock after selling 17,546 shares during the period. Hilton Worldwide makes up about 1.7% of Three Peaks Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Three Peaks Capital Management LLC’s holdings in Hilton Worldwide were worth $9,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HLT. Wetherby Asset Management Inc. purchased a new stake in shares of Hilton Worldwide during the 1st quarter valued at $201,000. Parametrica Management Ltd purchased a new position in Hilton Worldwide in the 1st quarter worth $202,000. Lombard Odier Asset Management Europe Ltd purchased a new position in Hilton Worldwide in the 4th quarter worth $208,000. Ninepoint Partners LP purchased a new position in Hilton Worldwide in the 1st quarter worth $228,000. Finally, GSA Capital Partners LLP purchased a new position in Hilton Worldwide in the 1st quarter worth $243,000. Hedge funds and other institutional investors own 73.44% of the company’s stock.

In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

NYSE:HLT opened at $84.68 on Thursday. Hilton Worldwide has a 52 week low of $60.54 and a 52 week high of $88.11. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $24.96 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 3.09 and a beta of 1.32.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, April 26th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. analysts expect that Hilton Worldwide will post 2.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 30.00%.

A number of brokerages recently issued reports on HLT. SunTrust Banks raised their target price on Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo & Co raised their target price on Hilton Worldwide from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. B. Riley restated a “neutral” rating and issued a $84.00 target price (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. Finally, TheStreet upgraded Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Hilton Worldwide currently has a consensus rating of “Buy” and a consensus target price of $84.28.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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