Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 86.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,602 shares of the company's stock after acquiring an additional 81,290 shares during the quarter. Mackenzie Financial Corp owned 0.07% of Hilton Worldwide worth $39,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co grew its position in Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after buying an additional 38 shares during the period. Apollon Wealth Management LLC grew its position in Hilton Worldwide by 2.9% during the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after buying an additional 44 shares during the period. First Bank & Trust grew its position in Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock valued at $2,375,000 after buying an additional 48 shares during the period. CoreCap Advisors LLC grew its position in Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after buying an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in Hilton Worldwide by 5.8% during the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock valued at $219,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded down $7.29 during midday trading on Friday, hitting $260.79. The company's stock had a trading volume of 1,965,470 shares, compared to its average volume of 2,071,369. The business's 50 day simple moving average is $261.05 and its 200 day simple moving average is $247.63. The company has a market cap of $61.34 billion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. 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 issued its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Hilton Worldwide's quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid 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 9.22%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James Financial raised their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the company from $228.00 to $296.00 in a report on Monday, May 12th. Barclays decreased their price objective on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Bank of America increased their price objective on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Evercore ISI decreased their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $259.19.

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.