Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Cut by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 24.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,418 shares of the company's stock after selling 36,400 shares during the period. New York State Common Retirement Fund's holdings in Hilton Worldwide were worth $26,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC purchased a new position in Hilton Worldwide in the 4th quarter valued at about $28,000. ORG Partners LLC lifted its holdings in shares of 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 during the period. Beacon Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 76.0% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after acquiring an additional 76 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after acquiring an additional 142 shares during the period. Finally, Graney & King LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter worth about $52,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLT has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Truist Financial cut their price target 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. Macquarie cut their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price target for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, Evercore ISI cut 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 report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $250.94.

Hilton Worldwide Trading Down 0.0%

NYSE HLT traded down $0.04 during trading hours on Thursday, reaching $273.44. 847,121 shares of the company traded hands, compared to its average volume of 1,788,440. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $279.46. The stock has a market capitalization of $65.00 billion, a PE ratio of 43.12, a PEG ratio of 3.10 and a beta of 1.25. The company has a 50 day moving average of $256.58 and a two-hundred day moving average of $245.60.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating 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 firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm posted $1.53 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were issued a $0.15 dividend. This represents a yield of 0.23%. The ex-dividend date of this dividend was 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.