Generali Asset Management SPA SGR Buys New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Generali Asset Management SPA SGR bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,972 shares of the company’s stock, valued at approximately $6,666,000.

Several other hedge funds also recently modified their holdings of the stock. Evoke Wealth LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $204,000. Haven Capital Group Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $3,143,000. Signaturefd LLC boosted its position in shares of Hilton Worldwide by 1.6% during the fourth quarter. Signaturefd LLC now owns 8,083 shares of the company’s stock valued at $1,998,000 after buying an additional 127 shares during the last quarter. Pitti Group Wealth Management LLC bought a new stake in Hilton Worldwide during the fourth quarter worth $209,000. Finally, Parallel Advisors LLC lifted its holdings in Hilton Worldwide by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 3,206 shares of the company’s stock worth $792,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $226.86 on Wednesday. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm has a market cap of $54.58 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.86 and a beta of 1.29. The business’s fifty day moving average is $252.90 and its 200 day moving average is $244.19.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLT. The Goldman Sachs Group lifted their price target on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Macquarie lifted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Morgan Stanley lifted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $250.61.

About Hilton Worldwide

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.