Public Employees Retirement Association of Colorado Has $7.68 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Public Employees Retirement Association of Colorado lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,191 shares of the company’s stock after selling 1,761 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Hilton Worldwide were worth $7,679,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HLT. Independence Bank of Kentucky lifted its holdings in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter valued at approximately $33,000. Pinnacle Bancorp Inc. acquired a new stake in Hilton Worldwide during the 1st quarter valued at approximately $34,000. Manchester Capital Management LLC increased its position in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter valued at approximately $37,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

Shares of HLT stock opened at $224.64 on Friday. The stock has a market cap of $56.17 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. The business’s fifty day moving average is $214.93 and its 200 day moving average is $209.97. Hilton Worldwide Holdings Inc. has a twelve month low of $146.00 and a twelve month high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLT. Deutsche Bank Aktiengesellschaft cut their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Macquarie increased their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Bank of America increased their target price on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Barclays dropped their price objective on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.95.

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.