M&T Bank Corp Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

M&T Bank Corp trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,833 shares of the company's stock after selling 2,166 shares during the period. M&T Bank Corp's holdings in Hilton Worldwide were worth $4,285,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $694,787,000. GAMMA Investing LLC grew its holdings in shares of Hilton Worldwide by 23,543.6% during the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after buying an additional 1,049,101 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after buying an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Hilton Worldwide by 26.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after purchasing an additional 685,023 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock worth $188,400,000 after purchasing an additional 617,604 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on HLT shares. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Morgan Stanley reduced their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays dropped their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.06.

Hilton Worldwide Trading Up 0.0%

HLT traded up $0.04 during trading hours on Friday, hitting $277.52. 1,327,400 shares of the company's stock were exchanged, compared to its average volume of 1,790,740. The firm has a market cap of $65.97 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $277.86. The firm has a 50 day moving average of $254.41 and a 200 day moving average of $245.10.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same period last year, the firm earned $1.53 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 0.23%. Hilton Worldwide's payout ratio is 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.