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

Key Points

• Fiera Capital Corp reduced its stake in Hilton Worldwide Holdings Inc. by 8.3%, holding approximately 428,516 shares worth $97.5 million after selling shares in the first quarter.
• Despite some institutional investors increasing their positions in Hilton Worldwide, 95.90% of its stock is currently owned by hedge funds and other institutional investors.
• Hilton Worldwide reported earnings of $2.20 per share, exceeding analysts' expectations of $2.04, and has an annualized dividend yield of 0.22% with a payout ratio of 9.22%.

Fiera Capital Corp trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,516 shares of the company's stock after selling 38,831 shares during the period. Fiera Capital Corp owned 0.18% of Hilton Worldwide worth $97,509,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Capital International Investors increased its position in Hilton Worldwide by 2.0% during the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company's stock valued at $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Geode Capital Management LLC increased its position in Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after buying an additional 67,292 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Hilton Worldwide by 8.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock valued at $1,100,530,000 after buying an additional 364,307 shares in the last quarter. Franklin Resources Inc. increased its position in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock valued at $1,090,346,000 after buying an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of 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 purchasing an additional 385,096 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT stock traded down $6.65 during mid-day trading on Friday, reaching $261.43. 1,079,325 shares of the company's stock were exchanged, compared to its average volume of 2,064,918. The company has a market cap of $61.49 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The stock's 50 day moving average is $261.05 and its 200 day moving average is $247.63. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.16. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.22%.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research reports. Macquarie increased 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. The Goldman Sachs Group reissued 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 increased 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. Raymond James Financial increased their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Barclays cut their price objective on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.19.

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.