State of New Jersey Common Pension Fund D Has $21.60 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of New Jersey Common Pension Fund D lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,401 shares of the company's stock after selling 1,097 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Hilton Worldwide were worth $21,602,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide in the fourth quarter worth about $34,000. Groupama Asset Managment increased its holdings in shares of Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after acquiring an additional 4,118 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide in the fourth quarter worth about $36,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide in the third quarter worth about $38,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HLT shares. Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Mizuho restated a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased 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. Barclays increased their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group increased their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of "Hold" and an average target price of $246.61.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction 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 transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Performance

NYSE HLT traded down $8.51 during trading hours on Friday, hitting $259.31. 1,797,425 shares of the company traded hands, compared to its average volume of 1,530,336. The business's 50-day moving average is $253.40 and its 200-day moving average is $239.64. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock has a market capitalization of $62.39 billion, a price-to-earnings ratio of 42.16, a P/E/G ratio of 2.88 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued 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 negative return on equity of 54.47% and a net margin of 13.74%. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.23%. Hilton Worldwide's payout ratio is currently 9.76%.

Hilton Worldwide announced that its Board of Directors has authorized a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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.