1,398 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,398 shares of the company’s stock, valued at approximately $267,000.

A number of other hedge funds also recently made changes to their positions in HLT. OFI Invest Asset Management bought a new stake in shares of Hilton Worldwide during the third quarter worth $25,000. Activest Wealth Management purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC bought a new stake in Hilton Worldwide in the third quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Hilton Worldwide by 494.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $37,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

HLT stock opened at $203.93 on Friday. The company’s 50-day simple moving average is $205.70 and its 200-day simple moving average is $184.45. The firm has a market cap of $51.26 billion, a P/E ratio of 44.33, a PEG ratio of 1.83 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 52-week low of $134.43 and a 52-week high of $215.79.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $1.24 EPS. Hilton Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.99 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their target price on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Barclays boosted their price target on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, Bank of America lifted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was 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 in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

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.