State of Alaska Department of Revenue Sells 325 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of Alaska Department of Revenue cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,365 shares of the company’s stock after selling 325 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hilton Worldwide were worth $5,837,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Chase Investment Counsel Corp bought a new position in shares of Hilton Worldwide during the fourth quarter worth $2,480,000. Savoir Faire Capital Management L.P. bought a new position in Hilton Worldwide during the third quarter worth about $4,270,000. International Assets Investment Management LLC grew its stake in Hilton Worldwide by 19,454.9% in the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after acquiring an additional 294,937 shares during the period. Syon Capital LLC bought a new stake in shares of Hilton Worldwide in the fourth quarter worth about $447,000. Finally, Jennison Associates LLC raised its position in shares of Hilton Worldwide by 11.5% during the fourth quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after purchasing an additional 30,676 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT opened at $216.21 on Thursday. The business has a fifty day simple moving average of $205.86 and a 200 day simple moving average of $199.77. Hilton Worldwide Holdings Inc. has a 1 year low of $142.50 and a 1 year high of $218.82. The company has a market capitalization of $54.06 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were given a $0.15 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on HLT shares. HSBC increased their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Macquarie reaffirmed a “neutral” rating and issued a $192.00 target price on shares of Hilton Worldwide in a research note on Wednesday, April 24th. TD Cowen boosted their price target on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Bank of America increased their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $208.00.

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.