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

State of Michigan Retirement System trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 69,123 shares of the company’s stock after selling 1,100 shares during the period. State of Michigan Retirement System’s holdings in Hilton Worldwide were worth $14,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky boosted its holdings in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Eaton Financial Holdings Company LLC increased its position in shares of Hilton Worldwide by 0.9% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock valued at $1,080,000 after purchasing an additional 52 shares during the period. Raleigh Capital Management Inc. lifted its position in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after purchasing an additional 56 shares during the period. Checchi Capital Advisers LLC boosted its stake in Hilton Worldwide by 1.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the company’s stock worth $564,000 after buying an additional 58 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in Hilton Worldwide by 2.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,681 shares of the company’s stock valued at $488,000 after buying an additional 63 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.6 %

Shares of Hilton Worldwide stock opened at $215.60 on Wednesday. The business has a fifty day simple moving average of $205.50 and a 200 day simple moving average of $199.50. The stock has a market cap of $53.91 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $142.50 and a 12 month high of $218.82.

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

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HLT. Mizuho decreased their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. HSBC raised their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Evercore ISI upped their price target on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Barclays lifted their price objective on Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, TD Cowen upped their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $208.00.

Insider Buying and Selling at Hilton Worldwide

In other news, Director Melanie Healey purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now directly owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Company 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.