Strs Ohio Sells 13,000 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Strs Ohio lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 515,500 shares of the company's stock after selling 13,000 shares during the quarter. Strs Ohio owned approximately 0.20% of Hilton Worldwide worth $93,867,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Conning Inc. acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $215,000. Vontobel Holding Ltd. boosted its holdings in shares of Hilton Worldwide by 15.8% in the 4th quarter. Vontobel Holding Ltd. now owns 86,135 shares of the company's stock valued at $15,684,000 after buying an additional 11,748 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $2,822,000. Crestwood Advisors Group LLC boosted its holdings in shares of Hilton Worldwide by 2.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 252,538 shares of the company's stock valued at $45,985,000 after buying an additional 5,380 shares during the last quarter. Finally, Simplicity Solutions LLC raised its stake in Hilton Worldwide by 8.5% in the 4th quarter. Simplicity Solutions LLC now owns 16,499 shares of the company's stock valued at $3,004,000 after acquiring an additional 1,298 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company's stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded down $5.66 during mid-day trading on Friday, reaching $205.10. The company had a trading volume of 1,638,127 shares, compared to its average volume of 1,304,347. Hilton Worldwide Holdings Inc. has a one year low of $134.43 and a one year high of $215.79. The firm has a market cap of $51.55 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 1.81 and a beta of 1.25. The business's 50-day simple moving average is $204.54 and its 200 day simple moving average is $181.77.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter last year, the business earned $1.59 earnings per share. Hilton Worldwide's revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide's dividend payout ratio (DPR) is presently 13.86%.

Analyst Ratings Changes

HLT has been the topic of a number of research analyst reports. TD Cowen increased their price target on Hilton Worldwide from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. BMO Capital Markets increased their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a "market perform" rating in a research note on Wednesday, March 20th. Robert W. Baird increased their price target on Hilton Worldwide from $210.00 to $212.00 and gave the company an "outperform" rating in a research note on Thursday, March 21st. Barclays increased their price target on Hilton Worldwide from $200.00 to $204.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. Finally, Truist Financial restated a "hold" rating and issued a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $201.28.

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.