Public Sector Pension Investment Board Trims Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• The Public Sector Pension Investment Board reduced its stake in Hilton Worldwide Holdings Inc. by 28.4% in the first quarter, now owning 270,451 shares valued at approximately $61.5 million.
• Despite the reduction, several institutional investors such as Vanguard Group and Capital International Investors have increased their holdings in Hilton Worldwide during the same period.
• Hilton Worldwide reported earnings of $2.20 per share, exceeding expectations, and also announced a quarterly dividend of $0.15 to be paid on September 30th.

Public Sector Pension Investment Board trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 28.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,451 shares of the company's stock after selling 107,404 shares during the period. Public Sector Pension Investment Board owned 0.11% of Hilton Worldwide worth $61,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC boosted its holdings in Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after buying an additional 74 shares during the period. Beacon Capital Management LLC boosted its holdings in Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after buying an additional 76 shares during the period. Valley National Advisers Inc. boosted its holdings in Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after buying an additional 142 shares during the period. Optiver Holding B.V. boosted its holdings in shares of Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after purchasing an additional 122 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Hilton Worldwide during the 1st quarter valued at about $54,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HLT shares. Bank of America increased their price objective on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Barclays dropped their price objective on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Macquarie increased their price objective on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, Raymond James Financial increased their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.40.

Hilton Worldwide Stock Down 0.4%

Hilton Worldwide stock traded down $1.02 during midday trading on Friday, reaching $269.33. The stock had a trading volume of 820,977 shares, compared to its average volume of 2,024,867. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The firm has a market cap of $63.34 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26. The company has a fifty day moving average of $264.10 and a 200 day moving average of $248.80.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is 9.22%.

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.