Fiera Capital Corp Reduces Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fiera Capital Corp cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,516 shares of the company’s stock after selling 38,831 shares during the period. Fiera Capital Corp owned approximately 0.18% of Hilton Worldwide worth $97,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Capital International Investors grew its position in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after purchasing an additional 142,620 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Hilton Worldwide by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after purchasing an additional 67,292 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hilton Worldwide by 8.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock valued at $1,100,530,000 after purchasing an additional 364,307 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Hilton Worldwide by 7.8% in the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock valued at $1,090,346,000 after purchasing an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Hilton Worldwide by 11.3% in the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company’s stock valued at $861,132,000 after acquiring an additional 385,096 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Down 1.1%

NYSE:HLT opened at $270.51 on Tuesday. The stock’s fifty day moving average is $259.69 and its two-hundred day moving average is $247.09. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46. The stock has a market capitalization of $63.62 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th 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 0.22%. The ex-dividend date is Friday, August 29th. Hilton Worldwide’s dividend payout ratio is currently 9.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HLT shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Bank of America upped their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, July 21st. Macquarie upped their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an “overweight” rating and a $282.00 price objective on the stock. Finally, Truist Financial upped their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $258.56.

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.