iA Global Asset Management Inc. Cuts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

iA Global Asset Management Inc. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 76.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,156 shares of the company's stock after selling 7,065 shares during the quarter. iA Global Asset Management Inc.'s holdings in Hilton Worldwide were worth $533,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HLT. Principal Financial Group Inc. raised its position in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Hilton Worldwide in the third quarter valued at $226,000. Empowered Funds LLC grew its position in Hilton Worldwide by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,722 shares of the company's stock worth $858,000 after purchasing an additional 172 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Hilton Worldwide by 8.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 780 shares of the company's stock valued at $180,000 after buying an additional 58 shares during the last quarter. Finally, King Luther Capital Management Corp purchased a new stake in shares of Hilton Worldwide in the third quarter worth about $200,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

Shares of HLT traded down $2.77 during mid-day trading on Thursday, reaching $232.10. The stock had a trading volume of 2,225,012 shares, compared to its average volume of 1,535,052. The business's fifty day moving average is $251.65 and its 200 day moving average is $244.69. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm has a market cap of $55.84 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.86 and a beta of 1.29.

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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 54.47% and a net margin of 13.74%. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS 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 given a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide's payout ratio is currently 9.76%.

Wall Street Analyst Weigh In

HLT has been the subject of a number of analyst reports. Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Jefferies Financial Group raised their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Truist Financial decreased their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, Macquarie upped their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $254.53.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business's 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 sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide 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.