National Bank of Canada FI Sells 12,515 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

National Bank of Canada FI lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 9.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 120,127 shares of the company’s stock after selling 12,515 shares during the period. National Bank of Canada FI’s holdings in Hilton Worldwide were worth $29,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $34,000. Groupama Asset Managment raised its stake in shares of Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth about $36,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

NYSE HLT opened at $231.67 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock has a market capitalization of $55.51 billion, a PE ratio of 37.67, a PEG ratio of 2.86 and a beta of 1.29. The business’s 50-day moving average is $249.83 and its 200 day moving average is $245.21.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is 9.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Raymond James increased their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Mizuho restated a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Susquehanna increased their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley upped their target price on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $254.53.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Company 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.