iA Global Asset Management Inc. Has $533,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

iA Global Asset Management Inc. decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 76.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,156 shares of the company’s stock after selling 7,065 shares during the period. iA Global Asset Management Inc.’s holdings in Hilton Worldwide were worth $533,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $34,000. Groupama Asset Managment boosted its stake in Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Hilton Worldwide during the 4th quarter valued at approximately $36,000. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Raymond James raised 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. Finally, Macquarie raised their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $254.53.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $228.78 on Friday. The firm has a market cap of $55.04 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The stock’s 50-day moving average is $252.22 and its 200-day moving average is $244.28. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued 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 negative return on equity of 54.47% and a net margin of 13.74%. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

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.