AGF Management Ltd. Lowers Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

AGF Management Ltd. decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 511,512 shares of the company's stock after selling 25,014 shares during the period. AGF Management Ltd. owned approximately 0.21% of Hilton Worldwide worth $126,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HLT. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. Jennison Associates LLC raised its stake in Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock valued at $745,624,000 after buying an additional 806,029 shares in the last quarter. Stockbridge Partners LLC raised its stake in Hilton Worldwide by 63.6% during the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company's stock valued at $355,984,000 after buying an additional 600,593 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Hilton Worldwide by 2,746.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company's stock worth $133,487,000 after purchasing an additional 484,436 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $118,729,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 3.4 %

HLT opened at $238.82 on Tuesday. The stock has a market cap of $57.46 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock has a fifty day moving average price of $254.85 and a 200 day moving average price of $243.70.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its 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%. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.76%.

Hilton Worldwide declared that its board has approved a share repurchase program on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Susquehanna increased their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Macquarie increased their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Raymond James increased their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $250.61.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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