Unigestion Holding SA Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Unigestion Holding SA acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,900 shares of the company’s stock, valued at approximately $470,000.

A number of other hedge funds have also bought and sold shares of the business. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the fourth quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in Hilton Worldwide in the 4th quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the 4th quarter valued at about $34,000. Groupama Asset Managment increased its position in shares of Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares during the period. Finally, Sierra Ocean LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $36,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $208.72 on Monday. The company has a market capitalization of $50.01 billion, a P/E ratio of 33.94, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The stock has a 50 day moving average price of $248.39 and a two-hundred day moving average price of $245.29.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 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%. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HLT shares. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Raymond James increased their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Truist Financial reduced their target price on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Jefferies Financial Group raised their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $254.56.

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.