State of Michigan Retirement System Sells 1,500 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of Michigan Retirement System cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,223 shares of the company’s stock after selling 1,500 shares during the quarter. State of Michigan Retirement System’s holdings in Hilton Worldwide were worth $12,787,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HLT. OFI Invest Asset Management acquired a new stake in Hilton Worldwide in the third quarter valued at about $25,000. Activest Wealth Management acquired a new stake in Hilton Worldwide in the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC acquired a new stake in Hilton Worldwide in the third quarter valued at about $31,000. Bartlett & Co. LLC acquired a new stake in shares of Hilton Worldwide during the third quarter valued at about $33,000. Finally, Clear Street Markets LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $34,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Trading Down 1.1 %

Shares of Hilton Worldwide stock opened at $210.37 on Wednesday. The stock has a fifty day simple moving average of $201.27 and a 200 day simple moving average of $177.99. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The company has a market capitalization of $53.05 billion, a P/E ratio of 48.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Hilton Worldwide’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.86%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HLT. Bank of America lifted their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Evercore ISI lifted their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. UBS Group lifted their price objective on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Robert W. Baird lifted their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group lifted their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $197.78.

View Our Latest Stock Report on Hilton Worldwide

About Hilton Worldwide

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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