New York State Teachers Retirement System lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,484 shares of the company’s stock after selling 86 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Hilton Worldwide worth $52,864,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. LRI Investments LLC lifted its stake in shares of Hilton Worldwide by 84.1% in the 2nd quarter. LRI Investments LLC now owns 151 shares of the company’s stock valued at $40,000 after acquiring an additional 69 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after acquiring an additional 74 shares during the last quarter. Beacon Capital Management LLC lifted its stake in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock valued at $40,000 after acquiring an additional 76 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company’s stock valued at $45,000 after acquiring an additional 142 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Hilton Worldwide by 35.0% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock valued at $58,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 2.9%
HLT stock opened at $257.45 on Friday. The stock has a 50-day moving average price of $268.13 and a 200-day moving average price of $254.22. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The firm has a market cap of $60.55 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.22%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on HLT. Macquarie increased their price target on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Wednesday, October 8th. Raymond James Financial raised their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Barclays lowered their target price on Hilton Worldwide from $291.00 to $288.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Worldwide in a research report on Monday, June 23rd. They set an “overweight” rating and a $282.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $267.88.
Get Our Latest Stock Analysis on HLT
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the completion of the transaction, the insider directly owned 79,451 shares of the company’s stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% 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.
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