California Public Employees Retirement System Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

California Public Employees Retirement System trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,758 shares of the company's stock after selling 36,065 shares during the period. California Public Employees Retirement System owned 0.16% of Hilton Worldwide worth $97,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $765,000. Jones Financial Companies Lllp lifted its position in Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares during the period. Amundi boosted its holdings in Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after purchasing an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after purchasing an additional 4,846 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

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Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Macquarie boosted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Morgan Stanley increased their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Susquehanna boosted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $254.53.

Hilton Worldwide Trading Down 6.1 %

HLT stock traded down $14.03 during trading on Thursday, reaching $217.35. 4,213,269 shares of the stock were exchanged, compared to its average volume of 1,625,737. The firm has a market capitalization of $52.08 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.86 and a beta of 1.29. The business has a 50 day moving average price of $249.83 and a 200-day moving average price of $245.21. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

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.