Independent Advisor Alliance Has $910,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Independent Advisor Alliance lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 44.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,680 shares of the company's stock after buying an additional 1,128 shares during the quarter. Independent Advisor Alliance's holdings in Hilton Worldwide were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide during the fourth quarter worth $34,000. Groupama Asset Managment increased its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after acquiring an additional 4,118 shares during the period. Sierra Ocean LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $36,000. Finally, True Wealth Design LLC increased its holdings in Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock valued at $40,000 after buying an additional 168 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HLT has been the topic of several analyst reports. Macquarie boosted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Mizuho reissued a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. 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, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $250.61.

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Hilton Worldwide Trading Up 2.6 %

NYSE HLT traded up $5.89 on Wednesday, hitting $232.94. 1,447,067 shares of the company were exchanged, compared to its average volume of 1,512,120. The firm has a 50 day moving average of $252.90 and a two-hundred day moving average of $244.19. The company has a market cap of $56.04 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results 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 net margin of 13.74% and a negative return on equity of 54.47%. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given 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 yield of 0.26%. Hilton Worldwide's payout ratio is presently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company's stock.

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.