Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,835 shares of the company's stock after selling 1,810 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Hilton Worldwide were worth $12,812,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Hilton Worldwide in the third quarter valued at $765,000. Jones Financial Companies Lllp raised its holdings in shares of Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after acquiring an additional 1,740 shares during the last quarter. Amundi lifted its position in Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock valued at $55,774,000 after purchasing an additional 4,846 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several brokerages recently issued reports on HLT. Susquehanna lifted their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Mizuho reissued a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Raymond James upped their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of "Hold" and an average target price of $254.53.

Hilton Worldwide Price Performance

NYSE HLT traded up $2.13 during trading on Tuesday, reaching $234.69. The company's stock had a trading volume of 1,882,893 shares, compared to its average volume of 1,531,393. The firm has a fifty day moving average of $251.84 and a 200 day moving average of $244.76. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The stock has a market capitalization of $56.47 billion, a PE ratio of 38.16, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping 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%. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide's dividend payout ratio is presently 9.76%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was 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 of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

About Hilton Worldwide

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.