TD Asset Management Inc Sells 200,525 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• TD Asset Management Inc. reduced its holdings in Hilton Worldwide by 10.3%, owning approximately 1.74 million shares valued at $395.6 million after selling 200,525 shares.
• Hilton Worldwide's Q2 earnings surpassed expectations, reporting $2.20 per share against an estimate of $2.04, with revenues increasing by 6.3% year-over-year.
• The company announced a quarterly dividend of $0.15, which translates to an annualized dividend yield of 0.22%, and has a low dividend payout ratio of 9.22%.

TD Asset Management Inc reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,738,452 shares of the company's stock after selling 200,525 shares during the period. TD Asset Management Inc owned approximately 0.73% of Hilton Worldwide worth $395,585,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co increased its holdings in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after buying an additional 38 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock worth $351,000 after purchasing an additional 44 shares during the last quarter. First Bank & Trust grew its stake in shares of Hilton Worldwide by 0.5% in the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock worth $2,375,000 after purchasing an additional 48 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock worth $220,000 after acquiring an additional 51 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its position in shares of Hilton Worldwide by 5.8% during the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock worth $219,000 after acquiring an additional 53 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.6%

Hilton Worldwide stock traded up $1.71 during mid-day trading on Wednesday, reaching $274.77. 565,793 shares of the company's stock were exchanged, compared to its average volume of 2,063,253. The business's fifty day simple moving average is $260.09 and its 200 day simple moving average is $247.27. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.46. The firm has a market capitalization of $64.62 billion, a PE ratio of 42.20, a P/E/G ratio of 2.67 and a beta of 1.25.

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

Hilton Worldwide Announces Dividend

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. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.22%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLT shares. Evercore ISI lowered their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Barclays cut their price objective on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Truist Financial increased their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $259.19.

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.