Gitterman Wealth Management LLC Invests $356,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Gitterman Wealth Management LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,441 shares of the company's stock, valued at approximately $356,000.

Several other large investors have also recently made changes to their positions in HLT. Palumbo Wealth Management LLC grew its holdings in shares of Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after purchasing an additional 41 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in shares of Hilton Worldwide by 2.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company's stock valued at $468,000 after purchasing an additional 42 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc grew its holdings in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock valued at $92,000 after purchasing an additional 48 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after purchasing an additional 49 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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Hilton Worldwide Trading Down 0.5 %

NYSE:HLT traded down $1.20 during mid-day trading on Thursday, hitting $231.75. The stock had a trading volume of 1,413,158 shares, compared to its average volume of 1,513,351. The stock has a 50-day simple moving average of $252.69 and a two-hundred day simple moving average of $244.11. The company has a market capitalization of $55.76 billion, a PE ratio of 37.68, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its 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%. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Analysts Set New Price Targets

HLT has been the subject of a number of analyst reports. Raymond James upped their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. 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 research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Mizuho reaffirmed a "neutral" rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and an average target price of $250.61.

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 that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is 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.