M&T Bank Corp Sells 134 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

M&T Bank Corp decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Chase Investment Counsel Corp purchased a new stake in Hilton Worldwide during the fourth quarter valued at $2,480,000. Savoir Faire Capital Management L.P. purchased a new position in Hilton Worldwide in the third quarter worth about $4,270,000. International Assets Investment Management LLC increased its stake in Hilton Worldwide by 19,454.9% during the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock worth $53,981,000 after acquiring an additional 294,937 shares during the last quarter. Syon Capital LLC purchased a new stake in Hilton Worldwide during the fourth quarter valued at approximately $447,000. Finally, Jennison Associates LLC boosted its holdings in shares of Hilton Worldwide by 11.5% in the 4th quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after purchasing an additional 30,676 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $200.39 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.73 and a beta of 1.26. The firm’s 50-day moving average is $205.49 and its two-hundred day moving average is $187.59.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial increased their price target on Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a report on Thursday, April 25th. UBS Group lifted their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Barclays increased 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. Deutsche Bank Aktiengesellschaft upped their target price on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets raised their price target on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $207.59.

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.