Fiera Capital Corp Raises Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

by · The Cerbat Gem

Fiera Capital Corp raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 477,825 shares of the company’s stock after purchasing an additional 34,956 shares during the period. Fiera Capital Corp’s holdings in Hilton Worldwide were worth $110,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Hilton Worldwide by 15.3% during 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 last quarter. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after buying an additional 1,282,676 shares in the last quarter. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after buying an additional 1,246,662 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after buying an additional 200,329 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company decreased their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, Bank of America raised their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given 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 price target of $228.71.

View Our Latest Analysis on Hilton Worldwide

Hilton Worldwide Trading Up 0.9 %

HLT traded up $2.25 during trading hours on Friday, hitting $248.48. 1,065,062 shares of the company’s stock were exchanged, compared to its average volume of 1,557,589. Hilton Worldwide Holdings Inc. has a 12-month low of $156.28 and a 12-month high of $249.36. The firm has a market cap of $60.57 billion, a P/E ratio of 52.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.30. The firm has a 50 day moving average of $228.97 and a 200 day moving average of $216.21.

Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).