Canoe Financial LP Acquires New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Canoe Financial LP bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 42,307 shares of the company’s stock, valued at approximately $9,915,000.

Several other hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide during the third quarter worth $25,000. Independence Bank of Kentucky boosted its holdings in shares of Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $33,000. Manchester Capital Management LLC raised its stake in Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Finally, NewSquare Capital LLC bought a new position in Hilton Worldwide in the second quarter worth about $37,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent research reports. Bank of America upped their target price on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company lowered their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday. Mizuho raised their target price on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday. Macquarie upped their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $236.11 on Monday. The stock has a market cap of $58.18 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 2.64 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $148.25 and a 12 month high of $240.00. The stock’s 50 day moving average price is $225.48 and its 200 day moving average price is $214.32.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.03 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is currently 12.71%.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide 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.