Mackenzie Financial Corp Reduces Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mackenzie Financial Corp cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,068 shares of the company’s stock after selling 403 shares during the period. Mackenzie Financial Corp’s holdings in Hilton Worldwide were worth $24,453,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Maverick Capital Ltd. lifted its holdings in shares of Hilton Worldwide by 4.2% in the 2nd quarter. Maverick Capital Ltd. now owns 6,915 shares of the company’s stock valued at $1,509,000 after purchasing an additional 281 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Hilton Worldwide during the second quarter worth approximately $3,850,000. DoubleLine ETF Adviser LP purchased a new stake in Hilton Worldwide in the second quarter valued at approximately $1,481,000. Ameriprise Financial Inc. boosted its holdings in shares of Hilton Worldwide by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after acquiring an additional 200,329 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Hilton Worldwide by 167.9% during the second quarter. AQR Capital Management LLC now owns 261,062 shares of the company’s stock worth $56,468,000 after acquiring an additional 163,625 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HLT shares. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Robert W. Baird decreased their target price 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. Bank of America boosted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Macquarie boosted their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.95.

Hilton Worldwide Trading Up 0.6 %

HLT stock opened at $234.36 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $146.35 and a 52 week high of $235.67. The company has a market cap of $58.60 billion, a P/E ratio of 50.95, a P/E/G ratio of 2.46 and a beta of 1.31. The company’s 50-day moving average price is $215.70 and its 200 day moving average price is $210.83.

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

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

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.