Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,999 shares of the company's stock after purchasing an additional 1,630 shares during the quarter. M&T Bank Corp's holdings in Hilton Worldwide were worth $5,190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HLT. Farther Finance Advisors LLC boosted its holdings in Hilton Worldwide by 47.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,182 shares of the company's stock valued at $273,000 after purchasing an additional 378 shares during the period. Concurrent Investment Advisors LLC grew its stake in Hilton Worldwide by 32.3% during the third quarter. Concurrent Investment Advisors LLC now owns 3,189 shares of the company's stock worth $735,000 after buying an additional 778 shares during the last quarter. Graypoint LLC raised its position in Hilton Worldwide by 2.6% in the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company's stock valued at $431,000 after purchasing an additional 47 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 acquiring an additional 1,429,537 shares during the last quarter. Finally, AIA Group Ltd raised its position in Hilton Worldwide by 16.9% in the 3rd quarter. AIA Group Ltd now owns 20,202 shares of the company's stock worth $4,657,000 after purchasing an additional 2,924 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on 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 owns 22,833 shares of the company's stock, valued at $5,746,152.78. This represents a 50.58 % 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 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 sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded down $7.91 on Monday, reaching $239.23. The company had a trading volume of 305,617 shares, compared to its average volume of 1,492,454. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The firm's 50-day moving average price is $255.04 and its two-hundred day moving average price is $243.54. The firm has a market cap of $57.56 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.86 and a beta of 1.29.

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

Hilton Worldwide announced that its Board of Directors has approved a stock buyback plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Susquehanna increased their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Macquarie increased their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and an average price target of $250.61.

About Hilton Worldwide

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.