Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 31.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 26,434 shares of the company’s stock after buying an additional 6,261 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Hilton Worldwide were worth $6,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLT. Oppenheimer & Co. Inc. grew its position in Hilton Worldwide by 8.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,417 shares of the company’s stock worth $350,000 after buying an additional 109 shares during the last quarter. Jones Financial Companies Lllp grew its position in Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after buying an additional 1,740 shares during the last quarter. M&T Bank Corp grew its position in Hilton Worldwide by 8.4% during the 4th quarter. M&T Bank Corp now owns 20,999 shares of the company’s stock worth $5,190,000 after purchasing an additional 1,630 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Hilton Worldwide during the 4th quarter worth approximately $260,000. Finally, Raymond James Financial Inc. purchased a new position in Hilton Worldwide during the 4th quarter worth approximately $118,729,000. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Dbs Bank upgraded shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Truist Financial lowered their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Macquarie lowered their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.06.

Hilton Worldwide Stock Up 1.1%

NYSE HLT opened at $273.21 on Friday. The company has a market capitalization of $64.94 billion, a P/E ratio of 43.09, a P/E/G ratio of 3.09 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $275.22. The firm has a 50-day moving average price of $249.95 and a two-hundred day moving average price of $244.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, May 26th were given a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 23rd. Hilton Worldwide’s payout ratio is presently 9.46%.

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.