CIBC Asset Management Inc Grows Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

CIBC Asset Management Inc raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,001 shares of the company’s stock after purchasing an additional 259 shares during the quarter. CIBC Asset Management Inc’s holdings in Hilton Worldwide were worth $4,097,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HLT. D1 Capital Partners L.P. purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $400,946,000. Norges Bank acquired a new position in Hilton Worldwide in the fourth quarter worth about $364,271,000. Massachusetts Financial Services Co. MA acquired a new position in Hilton Worldwide in the fourth quarter worth about $352,916,000. Victory Capital Management Inc. grew its stake in Hilton Worldwide by 1,550.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,515,393 shares of the company’s stock worth $236,385,000 after purchasing an additional 1,423,583 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hilton Worldwide by 51.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,414,896 shares of the company’s stock worth $532,690,000 after purchasing an additional 1,166,606 shares in the last quarter. 97.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the transaction, the insider now owns 253,714 shares of the company’s stock, valued at $30,445,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the transaction, the insider now owns 253,714 shares of the company’s stock, valued at $30,445,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas M. Steenland purchased 1,967 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average cost of $127.69 per share, for a total transaction of $251,166.23. Following the acquisition, the director now directly owns 24,053 shares of the company’s stock, valued at approximately $3,071,327.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $1,126,020. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Trading Down 0.6 %

HLT opened at $130.32 on Friday. The business’s 50 day moving average is $122.83 and its 200-day moving average is $138.20. The stock has a market cap of $35.75 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a twelve month low of $108.41 and a twelve month high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.05 by $0.24. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was up 68.5% compared to the same quarter last year. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 4.36 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, August 26th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 25th. This represents a $0.60 annualized dividend and a yield of 0.46%. Hilton Worldwide’s payout ratio is 17.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Cowen decreased their price target on Hilton Worldwide to $130.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. Evercore ISI upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a research note on Monday, July 11th. Barclays initiated coverage on Hilton Worldwide in a research note on Tuesday, June 28th. They issued an “equal weight” rating and a $125.00 target price for the company. Finally, UBS Group lifted their target price on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $151.00.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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