Teachers Retirement System of The State of Kentucky reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,813 shares of the company’s stock after selling 862 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hilton Worldwide were worth $3,006,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HLT. Sheets Smith Investment Management grew its position in Hilton Worldwide by 1.0% in the 1st quarter. Sheets Smith Investment Management now owns 6,740 shares of the company’s stock valued at $1,023,000 after buying an additional 65 shares during the last quarter. Cedar Brook Financial Partners LLC grew its position in Hilton Worldwide by 3.1% in the 1st quarter. Cedar Brook Financial Partners LLC now owns 2,241 shares of the company’s stock valued at $340,000 after buying an additional 68 shares during the last quarter. Glassman Wealth Services grew its position in Hilton Worldwide by 16.4% in the 4th quarter. Glassman Wealth Services now owns 532 shares of the company’s stock valued at $83,000 after buying an additional 75 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Hilton Worldwide by 3.9% in the 1st quarter. Coldstream Capital Management Inc. now owns 2,311 shares of the company’s stock valued at $351,000 after buying an additional 86 shares during the last quarter. Finally, Trust Asset Management LLC grew its position in Hilton Worldwide by 3.3% in the 1st quarter. Trust Asset Management LLC now owns 2,792 shares of the company’s stock valued at $424,000 after buying an additional 88 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Cowen reduced their target price on Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Monday, July 11th. Barclays assumed coverage on Hilton Worldwide in a report on Tuesday, June 28th. They issued an “equal weight” rating and a $125.00 target price for the company. UBS Group raised their target price on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $141.00 to $120.00 in a research report on Thursday, July 28th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $151.06.
Hilton Worldwide Price Performance
HLT opened at $132.30 on Tuesday. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. The business has a 50-day moving average of $128.62 and a two-hundred day moving average of $135.05. Hilton Worldwide Holdings Inc. has a 12 month low of $108.41 and a 12 month high of $167.99.
Hilton Worldwide (NYSE:HLT – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.05 by $0.24. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The firm’s revenue was up 68.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.39 earnings per share for the current year.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, August 25th. Hilton Worldwide’s dividend payout ratio is currently 17.39%.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
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