iA Global Asset Management Inc. Has $533,000 Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

iA Global Asset Management Inc. lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 76.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HLT. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% during the third 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 period. Stockbridge Partners LLC boosted its holdings in shares of Hilton Worldwide by 63.6% during the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock worth $355,984,000 after acquiring an additional 600,593 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Hilton Worldwide by 2,746.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock worth $133,487,000 after acquiring an additional 484,436 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $118,729,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $64,142,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the subject of several recent research reports. Morgan Stanley boosted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial cut their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research note on Friday. Barclays boosted their price target on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Susquehanna boosted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Trading Down 1.3 %

Shares of Hilton Worldwide stock opened at $228.78 on Friday. The business has a 50-day moving average price of $252.22 and a two-hundred day moving average price of $244.28. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The company has a market cap of $55.04 billion, a P/E ratio of 37.20, a PEG ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results 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 negative return on equity of 54.47% and a net margin of 13.74%. Equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business 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 dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

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.