Mackenzie Financial Corp Cuts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mackenzie Financial Corp lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,312 shares of the company's stock after selling 3,048 shares during the period. Mackenzie Financial Corp's holdings in Hilton Worldwide were worth $23,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HLT. Fiduciary Trust Co lifted its stake in Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after acquiring an additional 38 shares during the last quarter. Palumbo Wealth Management LLC raised its holdings in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after purchasing an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after purchasing an additional 43 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of Hilton Worldwide by 3.7% during the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after purchasing an additional 51 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in Hilton Worldwide by 6.1% in 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 last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Macquarie dropped their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Mizuho reaffirmed a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Evercore ISI reduced their price target on shares of 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. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $245.56.

Hilton Worldwide Price Performance

NYSE:HLT traded down $0.11 on Friday, reaching $248.15. The stock had a trading volume of 2,149,709 shares, compared to its average volume of 1,753,937. The company has a market cap of $58.99 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12-month low of $195.97 and a 12-month high of $275.22. The firm's fifty day moving average is $230.16 and its two-hundred day moving average is $243.64.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Hilton Worldwide's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 earnings per share. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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