Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by AGF Management Ltd.

Key Points

• AGF Management Ltd. reduced its stake in Hilton Worldwide Holdings Inc. by 1.6%, now owning 503,509 shares valued at approximately $114.6 million.
• Hilton Worldwide reported a quarterly earnings per share (EPS) of $2.20, exceeding analysts' expectations of $2.04, along with a revenue increase of 6.3% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, with a total yield of 0.2%, highlighting a low payout ratio of 9.22%.

AGF Management Ltd. lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 503,509 shares of the company's stock after selling 8,003 shares during the quarter. AGF Management Ltd. owned approximately 0.21% of Hilton Worldwide worth $114,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of HLT. Cerity Partners LLC grew its position in Hilton Worldwide by 48.3% in the 4th quarter. Cerity Partners LLC now owns 20,026 shares of the company's stock valued at $4,821,000 after acquiring an additional 6,521 shares during the last quarter. Advisory Services Network LLC grew its position in Hilton Worldwide by 5.1% in the 4th quarter. Advisory Services Network LLC now owns 2,553 shares of the company's stock valued at $631,000 after acquiring an additional 124 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Hilton Worldwide by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 53,634 shares of the company's stock valued at $13,247,000 after acquiring an additional 399 shares during the last quarter. Townsquare Capital LLC grew its position in Hilton Worldwide by 6.3% in the 4th quarter. Townsquare Capital LLC now owns 6,687 shares of the company's stock valued at $1,653,000 after acquiring an additional 398 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in Hilton Worldwide in the 4th quarter valued at $784,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Up 1.6%

Shares of HLT traded up $4.29 during mid-day trading on Wednesday, hitting $273.06. 1,762,855 shares of the company traded hands, compared to its average volume of 1,877,367. The business has a 50 day moving average of $263.66 and a 200 day moving average of $248.66. The company has a market capitalization of $64.22 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's payout ratio is currently 9.22%.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of recent research reports. Raymond James Financial increased their price target on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley dropped their price target on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Evercore ISI dropped their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of "Moderate Buy" and a consensus price target of $264.40.

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.