New York State Common Retirement Fund Sells 10,200 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

New York State Common Retirement Fund trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,818 shares of the company's stock after selling 10,200 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Hilton Worldwide worth $37,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Creative Planning lifted its position in Hilton Worldwide by 10.2% in the third quarter. Creative Planning now owns 33,156 shares of the company's stock worth $7,642,000 after purchasing an additional 3,078 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Hilton Worldwide by 17.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 129,325 shares of the company's stock worth $29,809,000 after purchasing an additional 18,911 shares during the period. Sequoia Financial Advisors LLC lifted its position in Hilton Worldwide by 16.4% in the third quarter. Sequoia Financial Advisors LLC now owns 6,989 shares of the company's stock worth $1,611,000 after purchasing an additional 983 shares during the period. Private Advisor Group LLC lifted its position in Hilton Worldwide by 7.2% in the third quarter. Private Advisor Group LLC now owns 3,560 shares of the company's stock worth $820,000 after purchasing an additional 240 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Hilton Worldwide in the third quarter worth $1,013,000. 95.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on HLT shares. Raymond James raised their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Macquarie lifted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Hold" and an average price target of $246.61.

Hilton Worldwide Stock Down 3.2 %

HLT stock traded down $8.51 during midday trading on Friday, reaching $259.31. The stock had a trading volume of 1,797,425 shares, compared to its average volume of 1,550,284. The business has a fifty day simple moving average of $253.40 and a two-hundred day simple moving average of $239.87. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given 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 dividend yield of 0.23%. Hilton Worldwide's payout ratio is currently 9.76%.

Hilton Worldwide announced that its board has approved a stock buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction dated 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. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated 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 transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

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.