Treasurer of the State of North Carolina Sells 2,240 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Treasurer of the State of North Carolina trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 108,174 shares of the company's stock after selling 2,240 shares during the period. Treasurer of the State of North Carolina's holdings in Hilton Worldwide were worth $26,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HLT. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide in the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the 4th quarter worth about $34,000. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $0.30 during trading on Wednesday, hitting $211.62. 771,548 shares of the company were exchanged, compared to its average volume of 1,717,473. The firm's fifty day moving average price is $239.84 and its 200 day moving average price is $243.89. The company has a market cap of $50.71 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide's payout ratio is 9.76%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HLT shares. The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research report on Monday. Raymond James increased their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Jefferies Financial Group dropped their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley boosted their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $248.88.

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.