Mackenzie Financial Corp Buys 81,290 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

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

A number of other large investors have also bought and sold shares of HLT. Level Four Advisory Services LLC purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $266,000. Brown Brothers Harriman & Co. grew its position in shares of Hilton Worldwide by 30.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 728 shares of the company's stock worth $180,000 after buying an additional 172 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Hilton Worldwide by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 221,494 shares of the company's stock worth $54,975,000 after buying an additional 8,682 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Hilton Worldwide by 14.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,119 shares of the company's stock worth $1,245,000 after buying an additional 640 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Hilton Worldwide by 22.4% in the 4th quarter. Clearbridge Investments LLC now owns 30,127 shares of the company's stock worth $7,446,000 after buying an additional 5,523 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded down $7.29 during mid-day trading on Friday, reaching $260.79. 1,965,470 shares of the stock traded hands, compared to its average volume of 1,831,200. The stock has a market capitalization of $61.34 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46. The business's 50-day moving average is $261.36 and its 200-day moving average is $247.74.

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

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

HLT has been the topic of a number of recent analyst reports. 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 research report on Monday, April 14th. Raymond James Financial lifted their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday. Truist Financial lifted their price target on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Barclays dropped their price target on 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, Bank of America lifted their price target on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hilton Worldwide presently has an average rating of "Moderate Buy" and a consensus price target 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.