CIBC Asset Management Inc Acquires 1,263 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

CIBC Asset Management Inc grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,705 shares of the company's stock after purchasing an additional 1,263 shares during the quarter. CIBC Asset Management Inc's holdings in Hilton Worldwide were worth $9,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Wilmington Savings Fund Society FSB bought a new position in shares of Hilton Worldwide in the third quarter valued at approximately $765,000. Franklin Resources Inc. boosted its position in shares of Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide in the third quarter valued at approximately $38,000. Fiduciary Alliance LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $1,246,000. Finally, Dale Q Rice Investment Management Ltd bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $593,000. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HLT shares. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Mizuho restated a "neutral" rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Raymond James raised their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $246.61.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Hilton Worldwide Trading Down 3.2 %

Shares of HLT stock traded down $8.51 during trading hours on Friday, hitting $259.31. 1,797,425 shares of the company's stock were exchanged, compared to its average volume of 1,550,284. The company has a market capitalization of $62.39 billion, a PE ratio of 42.16, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The business's 50 day simple moving average is $253.40 and its 200-day simple moving average is $239.87.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

Hilton Worldwide announced that its board has authorized a stock repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.