Pitti Group Wealth Management LLC Buys Shares of 846 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pitti Group Wealth Management LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 846 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Hilton Worldwide in the third quarter worth about $765,000. Jones Financial Companies Lllp lifted its holdings in shares of Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after buying an additional 1,740 shares during the period. Amundi grew its stake in shares of Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after purchasing an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after buying an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

NYSE HLT opened at $229.61 on Monday. The company has a 50-day moving average of $253.37 and a 200-day moving average of $244.02. The company has a market cap of $55.24 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Macquarie increased their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Mizuho reissued a “neutral” rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $250.61.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred 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 directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by company 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.