State of Michigan Retirement System Sells 1,500 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of Michigan Retirement System lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,223 shares of the company’s stock after selling 1,500 shares during the period. State of Michigan Retirement System’s holdings in Hilton Worldwide were worth $12,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HLT. Cetera Advisor Networks LLC grew its holdings in Hilton Worldwide by 7.9% in the first quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after purchasing an additional 108 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Hilton Worldwide by 8.0% in the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after purchasing an additional 111 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Hilton Worldwide by 22.9% during the first quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock valued at $519,000 after buying an additional 637 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Hilton Worldwide by 8.6% during the first quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock valued at $932,000 after buying an additional 487 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Worldwide during the first quarter valued at $91,000. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HLT. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Truist Financial reaffirmed a “hold” rating and set a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Mizuho began coverage on shares of Hilton Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $245.00 price target for the company. Finally, Evercore ISI increased their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $197.78.

View Our Latest Stock Report on Hilton Worldwide

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $210.37 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79. The firm has a 50 day moving average price of $201.27 and a 200 day moving average price of $177.99. The company has a market cap of $53.05 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 1.88 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm earned $1.59 earnings per share. Hilton Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is currently 13.86%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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