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

Fiera Capital Corp boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,825 shares of the company’s stock after buying an additional 34,956 shares during the quarter. Fiera Capital Corp owned 0.20% of Hilton Worldwide worth $110,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AIA Group Ltd lifted its stake in Hilton Worldwide by 16.9% in the third quarter. AIA Group Ltd now owns 20,202 shares of the company’s stock worth $4,657,000 after purchasing an additional 2,924 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. Graypoint LLC grew its position in Hilton Worldwide by 2.6% in the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after acquiring an additional 47 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Hilton Worldwide by 32.3% in the third quarter. Concurrent Investment Advisors LLC now owns 3,189 shares of the company’s stock worth $735,000 after purchasing an additional 778 shares during the period. Finally, Marks Group Wealth Management Inc boosted its stake in shares of Hilton Worldwide by 8.0% during the third quarter. Marks Group Wealth Management Inc now owns 3,059 shares of the company’s stock valued at $705,000 after purchasing an additional 226 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Bank of America lifted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Robert W. Baird raised their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $228.71.

Insider Activity at Hilton Worldwide

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

Hilton Worldwide Stock Up 0.9 %

Shares of NYSE:HLT traded up $2.25 during trading on Friday, hitting $248.48. The stock had a trading volume of 1,065,062 shares, compared to its average volume of 1,557,589. The stock has a 50-day simple moving average of $228.97 and a two-hundred day simple moving average of $216.21. The stock has a market capitalization of $60.57 billion, a price-to-earnings ratio of 52.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $156.28 and a 12-month high of $249.36.

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

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide Company 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.