Financiere des Professionnels Fonds d investissement inc. Has $4.99 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Financiere des Professionnels Fonds d investissement inc. trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,173 shares of the company’s stock after selling 359 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Hilton Worldwide were worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Hilton Worldwide during the fourth quarter worth $36,000. Allworth Financial LP increased its holdings in Hilton Worldwide by 32.3% during the fourth quarter. Allworth Financial LP now owns 2,188 shares of the company’s stock worth $543,000 after buying an additional 534 shares during the last quarter. Principal Securities Inc. increased its holdings in Hilton Worldwide by 9.5% during the fourth quarter. Principal Securities Inc. now owns 16,117 shares of the company’s stock worth $3,983,000 after buying an additional 1,397 shares during the last quarter. Palumbo Wealth Management LLC increased its holdings in Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in Hilton Worldwide by 4.4% during the fourth quarter. Everhart Financial Group Inc. now owns 3,215 shares of the company’s stock worth $795,000 after buying an additional 135 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 1.3 %

HLT opened at $265.96 on Monday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.43 and a twelve month high of $275.22. The company has a 50-day simple moving average of $252.16 and a 200 day simple moving average of $237.81. The stock has a market capitalization of $64.84 billion, a price-to-earnings ratio of 43.25, a P/E/G ratio of 2.85 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share 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 57.01%. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.23%. Hilton Worldwide’s dividend payout ratio is 9.76%.

Hilton Worldwide declared that its Board of Directors has approved a stock buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have commented on HLT. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Mizuho reiterated a “neutral” rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Raymond James upped their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Bank of America upped their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $246.61.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated 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 directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

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.