M&T Bank Corp Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

M&T Bank Corp lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,657 shares of the company’s stock after selling 134 shares during the quarter. M&T Bank Corp’s holdings in Hilton Worldwide were worth $2,487,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth $203,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $234,000. Los Angeles Capital Management LLC lifted its position in shares of Hilton Worldwide by 9.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 336,200 shares of the company’s stock worth $61,219,000 after buying an additional 29,976 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Hilton Worldwide by 2.9% in the 4th quarter. Natixis Advisors L.P. now owns 193,484 shares of the company’s stock worth $35,231,000 after buying an additional 5,477 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Hilton Worldwide by 37.7% in the fourth quarter. First Trust Direct Indexing L.P. now owns 3,877 shares of the company’s stock valued at $706,000 after acquiring an additional 1,061 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $200.39 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79. The stock has a market cap of $50.11 billion, a P/E ratio of 43.56, a PEG ratio of 1.73 and a beta of 1.26. The firm’s fifty day moving average price is $205.49 and its 200-day moving average price is $187.59.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Ratings Changes

A number of research analysts have issued reports on HLT shares. BMO Capital Markets upped their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Evercore ISI increased their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Barclays lifted their price objective on shares of Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Truist Financial increased their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America lifted their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.59.

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.