Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Fiduciary Trust Co raised its position in shares of Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after buying an additional 38 shares in the last quarter. Palumbo Wealth Management LLC raised its position in shares of Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after buying an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after buying an additional 43 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Hilton Worldwide by 3.7% in the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after acquiring an additional 51 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Hilton Worldwide by 6.1% in the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock worth $220,000 after acquiring an additional 51 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HLT shares. Mizuho restated a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Truist Financial lowered their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Susquehanna raised their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley lowered their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $245.56.

Hilton Worldwide Price Performance

NYSE HLT traded down $2.43 during trading on Wednesday, reaching $250.65. 1,724,737 shares of the company's stock traded hands, compared to its average volume of 1,760,099. The firm has a market cap of $59.58 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company's 50 day simple moving average is $229.14 and its two-hundred day simple moving average is $243.69. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22.

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

Hilton Worldwide Dividend Announcement

The business also recently announced 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. This represents a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's dividend 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.