Fiera Capital Corp Reduces Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fiera Capital Corp decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,347 shares of the company's stock after selling 10,478 shares during the quarter. Fiera Capital Corp owned about 0.19% of Hilton Worldwide worth $115,509,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $34,000. Groupama Asset Managment lifted its holdings in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after buying an additional 4,118 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $38,000. Finally, True Wealth Design LLC lifted its holdings in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock valued at $40,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Down 1.3 %

Shares of Hilton Worldwide stock traded down $3.56 on Friday, hitting $265.96. 1,698,986 shares of the company were exchanged, compared to its average volume of 1,501,977. Hilton Worldwide Holdings Inc. has a 1-year low of $193.43 and a 1-year high of $275.22. The stock has a market capitalization of $64.84 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. The company has a 50-day moving average price of $252.16 and a 200 day moving average price of $237.81.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is 9.76%.

Hilton Worldwide announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HLT shares. Truist Financial boosted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Mizuho reissued a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Raymond James boosted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, Melius lowered Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and an average price target of $246.61.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction 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 transaction, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. 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.