National Bank of Canada FI Sells 71,033 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

National Bank of Canada FI lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 54.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,346 shares of the company’s stock after selling 71,033 shares during the period. National Bank of Canada FI’s holdings in Hilton Worldwide were worth $10,866,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Hilton Worldwide in the third quarter worth about $25,000. Activest Wealth Management bought a new stake in Hilton Worldwide in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in Hilton Worldwide during the 4th quarter valued at $37,000. Anchor Investment Management LLC bought a new position in Hilton Worldwide in the 4th quarter worth $46,000. Finally, Blue Trust Inc. boosted its position in Hilton Worldwide by 142.5% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the company’s stock valued at $47,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT stock opened at $200.39 on Thursday. The business’s 50-day moving average is $205.49 and its two-hundred day moving average is $187.59. The company has a market cap of $50.11 billion, a price-to-earnings ratio of 43.56, a P/E/G ratio of 1.73 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s payout ratio is 13.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Evercore ISI boosted their target price on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, March 20th. Barclays lifted their price target on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. HSBC increased their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Mizuho dropped their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $207.59.

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.