Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,570 shares of the company's stock after selling 17,427 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Hilton Worldwide worth $45,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at $28,000. ORG Partners LLC lifted its stake in Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in Hilton Worldwide by 76.0% during 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 period. Finally, Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

HLT opened at $266.25 on Tuesday. The business's 50-day simple moving average is $245.54 and its 200-day simple moving average is $243.55. The company has a market cap of $63.29 billion, a P/E ratio of 42.00, a PEG ratio of 3.00 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter last year, the company earned $1.53 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were issued a dividend of $0.15 per share. This represents a dividend yield of 0.23%. The ex-dividend date was Friday, May 23rd. Hilton Worldwide's payout ratio is 9.46%.

Analyst Ratings Changes

Several research firms have recently commented on HLT. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Morgan Stanley dropped their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Macquarie cut their price objective on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their target price for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $249.06.

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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