Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Lessened by State of Michigan Retirement System

State of Michigan Retirement System reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,123 shares of the company’s stock after selling 1,100 shares during the quarter. State of Michigan Retirement System’s holdings in Hilton Worldwide were worth $14,745,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HLT. Norges Bank bought a new stake in Hilton Worldwide in the 4th quarter valued at about $475,073,000. Gray Foundation bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $133,229,000. Artemis Investment Management LLP acquired a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $64,221,000. Kodai Capital Management LP bought a new position in Hilton Worldwide in the 4th quarter worth approximately $55,350,000. Finally, International Assets Investment Management LLC increased its position in Hilton Worldwide by 19,454.9% in the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after acquiring an additional 294,937 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $215.60 on Wednesday. The business’s 50-day moving average is $205.50 and its 200-day moving average is $199.50. The company has a market capitalization of $53.91 billion, a price-to-earnings ratio of 46.87, a P/E/G ratio of 1.91 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a fifty-two week low of $142.50 and a fifty-two week high of $218.82.

Hilton Worldwide (NYSE:HLTGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were paid a $0.15 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Bank of America upped their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. HSBC boosted their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Mizuho decreased their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, TD Cowen upped their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $208.00.

Check Out Our Latest Analysis on HLT

Hilton Worldwide Company 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.

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

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