AGF Management Ltd. Purchases 616 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

AGF Management Ltd. boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 544,270 shares of the company’s stock after buying an additional 616 shares during the quarter. AGF Management Ltd. owned approximately 0.22% of Hilton Worldwide worth $118,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in Hilton Worldwide in the 1st quarter worth $2,792,000. AIA Group Ltd raised its holdings in Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after purchasing an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in 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 purchasing an additional 4,677 shares in the last quarter. PGGM Investments raised its holdings in Hilton Worldwide by 337.6% in the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after purchasing an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Hilton Worldwide by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after purchasing an additional 12,740 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Down 2.0 %

Shares of NYSE HLT opened at $210.65 on Wednesday. The firm’s 50-day moving average price is $214.53 and its 200-day moving average price is $209.14. The company has a market cap of $51.91 billion, a PE ratio of 45.79, a PEG ratio of 2.34 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Analysts Set New Price Targets

HLT has been the subject of several research reports. Susquehanna started coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective for the company. Bank of America upped their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Truist Financial reduced their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their target price 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.22.

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.