Alteri Wealth LLC Purchases New Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Alteri Wealth LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,038 shares of the company's stock, valued at approximately $504,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at $694,787,000. Principal Financial Group Inc. raised its position in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after acquiring an additional 919,424 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after purchasing an additional 685,023 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Hilton Worldwide by 426.9% during the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after purchasing an additional 617,604 shares during the period. Institutional investors own 95.90% of the company's stock.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred on 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 owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $5.21 on Wednesday, hitting $241.80. 2,099,858 shares of the company's stock traded hands, compared to its average volume of 1,757,004. The stock has a market capitalization of $57.48 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 2.86 and a beta of 1.23. The company's fifty day simple moving average is $226.70 and its 200 day simple moving average is $242.51. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio is 9.46%.

Analysts Set New Price Targets

HLT has been the subject of several research reports. Morgan Stanley cut their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI reduced their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Mizuho restated a "neutral" rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Susquehanna raised their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $241.31.

Hilton Worldwide Company 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.