Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,498 shares of the company's stock after selling 2,445 shares during the period. State of New Jersey Common Pension Fund D's holdings in Hilton Worldwide were worth $20,399,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sustainable Insight Capital Management LLC increased its stake in Hilton Worldwide by 19.0% in the third quarter. Sustainable Insight Capital Management LLC now owns 21,900 shares of the company's stock valued at $5,048,000 after purchasing an additional 3,500 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Hilton Worldwide by 67.1% in the third quarter. Assetmark Inc. now owns 53,657 shares of the company's stock valued at $12,368,000 after acquiring an additional 21,545 shares during the period. Fiera Capital Corp boosted its holdings in shares of Hilton Worldwide by 7.9% in the third quarter. Fiera Capital Corp now owns 477,825 shares of the company's stock valued at $110,139,000 after acquiring an additional 34,956 shares during the period. AIA Group Ltd boosted its holdings in shares of Hilton Worldwide by 16.9% in the third quarter. AIA Group Ltd now owns 20,202 shares of the company's stock valued at $4,657,000 after acquiring an additional 2,924 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

NYSE:HLT traded up $1.42 during mid-day trading on Friday, reaching $247.65. The company's stock had a trading volume of 2,392,593 shares, compared to its average volume of 1,404,231. The company's fifty day simple moving average is $230.10 and its two-hundred day simple moving average is $216.92. Hilton Worldwide Holdings Inc. has a twelve month low of $156.28 and a twelve month high of $249.36. The stock has a market cap of $60.37 billion, a P/E ratio of 53.14, a P/E/G ratio of 3.10 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide's dividend payout ratio is currently 12.88%.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Laura Fuentes sold 4,919 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Truist Financial increased their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a "neutral" rating in a report on Friday, July 19th. Finally, Evercore ISI increased their price target on Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and a consensus target price of $228.71.

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.