Canoe Financial LP Has $10.91 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Canoe Financial LP lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,935 shares of the company's stock after purchasing an additional 3,859 shares during the period. Canoe Financial LP's holdings in Hilton Worldwide were worth $10,908,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. ORG Partners LLC increased its stake in shares of Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after purchasing an additional 74 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Hilton Worldwide by 13.7% during the 1st quarter. Blue Trust Inc. now owns 1,266 shares of the company's stock worth $288,000 after purchasing an additional 153 shares during the last quarter. Institute for Wealth Management LLC. increased its holdings in shares of Hilton Worldwide by 37.7% in the first quarter. Institute for Wealth Management LLC. now owns 2,384 shares of the company's stock valued at $542,000 after purchasing an additional 653 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Hilton Worldwide by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 28,190 shares of the company's stock valued at $6,414,000 after purchasing an additional 395 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays decreased their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. 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. Truist Financial decreased their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of "Hold" and an average price target of $245.56.

Hilton Worldwide Stock Up 0.4%

HLT opened at $248.55 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $275.22. The company has a 50-day simple moving average of $239.63 and a 200 day simple moving average of $243.54. The stock has a market capitalization of $59.08 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 2.80 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. Hilton Worldwide's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 earnings per share. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be issued a $0.15 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.46%.

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.

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