TD Asset Management Inc. Boosts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

TD Asset Management Inc. grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,938,977 shares of the company’s stock after buying an additional 91,944 shares during the period. TD Asset Management Inc.’s holdings in Hilton Worldwide were worth $479,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. Palumbo Wealth Management LLC boosted its stake in Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in 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 buying an additional 43 shares during the last quarter. Versant Capital Management Inc increased its position in Hilton Worldwide by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after buying an additional 48 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after buying an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock worth $351,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT stock opened at $232.62 on Tuesday. The firm’s fifty day moving average is $252.04 and its 200 day moving average is $244.61. The firm has a market cap of $55.97 billion, a PE ratio of 37.82, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLT. Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial dropped their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Macquarie raised their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $254.53.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.

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.