Toronto Dominion Bank Has $27.75 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Toronto Dominion Bank increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,187 shares of the company’s stock after purchasing an additional 557 shares during the period. Toronto Dominion Bank’s holdings in Hilton Worldwide were worth $27,752,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in shares of Hilton Worldwide in the first quarter worth approximately $2,792,000. AIA Group Ltd boosted its holdings in Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after acquiring an additional 4,265 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Hilton Worldwide by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after acquiring an additional 4,677 shares in the last quarter. PGGM Investments raised its holdings in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hilton Worldwide by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HLT. Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Bank of America upped their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Barclays lowered their price objective on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.95.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Trading Up 2.4 %

Shares of NYSE:HLT opened at $232.91 on Friday. The company has a 50 day moving average of $215.12 and a 200 day moving average of $210.44. The stock has a market cap of $57.40 billion, a P/E ratio of 50.63, a P/E/G ratio of 2.46 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $146.35 and a 12 month high of $233.18.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is 13.04%.

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.