Maryland State Retirement & Pension System Trims Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Maryland State Retirement & Pension System decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,790 shares of the company's stock after selling 1,248 shares during the quarter. Maryland State Retirement & Pension System's holdings in Hilton Worldwide were worth $3,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after purchasing an additional 226,223 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hilton Worldwide by 15.3% during 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 buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after acquiring an additional 164,461 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Hilton Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock valued at $394,748,000 after acquiring an additional 39,786 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $2.13 during trading hours on Tuesday, reaching $234.69. The stock had a trading volume of 1,882,893 shares, compared to its average volume of 1,528,708. The stock has a market cap of $56.47 billion, a PE ratio of 38.16, a PEG ratio of 2.86 and a beta of 1.29. The company has a fifty day simple moving average of $252.04 and a 200-day simple moving average of $244.61. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

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

Hilton Worldwide Dividend Announcement

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

Insiders Place Their Bets

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 transaction of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HLT shares. Mizuho restated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Barclays increased their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Truist Financial cut their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $254.53.

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.