Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,843 shares of the company’s stock after selling 307 shares during the period. Kentucky Retirement Systems’ holdings in Hilton Worldwide were worth $4,112,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors lifted its stake in shares of Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after buying an additional 761,104 shares in the last quarter. Gray Foundation acquired a new position in Hilton Worldwide during the fourth quarter worth about $133,229,000. Finally, PineStone Asset Management Inc. acquired a new stake in shares of Hilton Worldwide during the 2nd quarter valued at approximately $98,607,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 2.1 %

Shares of Hilton Worldwide stock opened at $225.54 on Friday. The firm has a market cap of $56.40 billion, a PE ratio of 49.03, a P/E/G ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03. The business’s fifty day moving average is $214.85 and its two-hundred day moving average is $209.78.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.63 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HLT shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Robert W. Baird dropped their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday. They issued a “buy” rating and a $245.00 price objective on the stock. Macquarie raised their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Susquehanna started coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.95.

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.