TD Asset Management Inc. Increases Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

TD Asset Management Inc. increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,938,977 shares of the company’s stock after purchasing an additional 91,944 shares during the quarter. TD Asset Management Inc. owned approximately 0.80% of Hilton Worldwide worth $479,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position 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 valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Stockbridge Partners LLC increased its holdings in Hilton Worldwide by 63.6% in the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock valued at $355,984,000 after acquiring an additional 600,593 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Hilton Worldwide by 2,746.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock worth $133,487,000 after purchasing an additional 484,436 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $118,729,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at about $64,142,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.4 %

HLT stock opened at $232.62 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The firm has a market cap of $55.97 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 2.86 and a beta of 1.29. The business’s fifty day simple moving average is $252.04 and its two-hundred day simple moving average is $244.61.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Research 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 quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is 9.76%.

Wall Street Analyst Weigh In

HLT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Barclays boosted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $254.53.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

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.