New York State Teachers Retirement System Sells 5,647 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

New York State Teachers Retirement System trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,292 shares of the company’s stock after selling 5,647 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Hilton Worldwide worth $52,391,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors boosted its position in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Hilton Worldwide by 23,730.1% in the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after purchasing an additional 477,212 shares in the last quarter. Finally, PineStone Asset Management Inc. bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth approximately $98,607,000. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of analyst reports. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Mizuho upped their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Price Performance

NYSE:HLT opened at $238.41 on Thursday. The firm has a market capitalization of $59.61 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $148.25 and a one year high of $240.82. The business has a fifty day moving average price of $226.91 and a 200-day moving average price of $214.91.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.03 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

About Hilton Worldwide

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.