Public Employees Retirement System of Ohio Has $20.34 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Public Employees Retirement System of Ohio cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,303 shares of the company's stock after selling 18,199 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Hilton Worldwide were worth $20,342,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $34,000. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $36,000. Finally, Hopwood Financial Services Inc. acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HLT shares. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Evercore ISI dropped their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Truist Financial cut their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Barclays lowered their target price on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $245.56.

Hilton Worldwide Price Performance

NYSE HLT traded down $0.82 on Friday, hitting $247.44. 810,367 shares of the company were exchanged, compared to its average volume of 1,754,956. Hilton Worldwide Holdings Inc. has a twelve month low of $194.93 and a twelve month high of $275.22. The firm has a market capitalization of $58.82 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company's 50 day moving average price is $229.89 and its 200-day moving average price is $243.72.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

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

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.