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

Mackenzie Financial Corp lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,068 shares of the company’s stock after selling 403 shares during the period. Mackenzie Financial Corp’s holdings in Hilton Worldwide were worth $24,453,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLT. Gilbert & Cook Inc. increased its holdings in shares of Hilton Worldwide by 7.1% in the fourth quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock valued at $1,187,000 after purchasing an additional 433 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Hilton Worldwide by 168.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock worth $909,000 after acquiring an additional 3,133 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Hilton Worldwide by 2.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,117 shares of the company’s stock valued at $1,660,000 after acquiring an additional 200 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Hilton Worldwide by 7.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 8,271 shares of the company’s stock valued at $1,507,000 after acquiring an additional 545 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Hilton Worldwide by 9.8% during the fourth quarter. Stifel Financial Corp now owns 88,538 shares of the company’s stock worth $16,123,000 after purchasing an additional 7,895 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.6 %

NYSE:HLT opened at $234.36 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $146.35 and a 52 week high of $235.67. The company has a fifty day simple moving average of $215.70 and a two-hundred day simple moving average of $210.83. The company has a market cap of $58.60 billion, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 EPS. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HLT shares. Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Bank of America increased their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Barclays lowered their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial reduced their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide 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.