Gitterman Wealth Management LLC Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Gitterman Wealth Management LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,441 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Hilton Worldwide during the 3rd quarter valued at about $765,000. Jones Financial Companies Lllp lifted its stake in Hilton Worldwide by 194.8% in the fourth 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 in the last quarter. Amundi boosted its holdings in shares of Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company’s stock valued at $232,098,000 after buying an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after acquiring an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLT has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Morgan Stanley boosted their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $250.61.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

NYSE:HLT opened at $229.61 on Friday. The firm’s fifty day moving average price is $253.37 and its two-hundred day moving average price is $243.83. 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 one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities research analysts expect 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 will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

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.