Generali Asset Management SPA SGR Invests $6.67 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company's stock worth $2,585,148,000 after buying an additional 226,223 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hilton Worldwide by 15.3% in the 3rd 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. 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 valued at $1,012,069,000 after acquiring an additional 121,900 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after purchasing an additional 164,461 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock worth $394,748,000 after purchasing an additional 39,786 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

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Hilton Worldwide Trading Down 1.3 %

NYSE HLT traded down $3.13 on Friday, hitting $228.78. 4,380,558 shares of the stock traded hands, compared to its average volume of 1,526,549. The stock has a 50-day moving average of $252.22 and a 200 day moving average of $244.28. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The company has a market capitalization of $55.04 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (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 expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm 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 of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide's dividend payout ratio (DPR) is 9.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HLT. Mizuho reissued 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. JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Truist Financial dropped their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Raymond James boosted their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Eleven investment 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 has an average rating of "Hold" and an average target price of $254.53.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction 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 approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by corporate 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.