California State Teachers Retirement System Sells 39,768 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

California State Teachers Retirement System reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm owned 314,517 shares of the company’s stock after selling 39,768 shares during the period. California State Teachers Retirement System’s holdings in Hilton Worldwide were worth $77,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HLT. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the fourth quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $41,000. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Macquarie upped their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Morgan Stanley decreased their price objective on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Evercore ISI dropped their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $243.75.

Hilton Worldwide Stock Up 1.0 %

HLT opened at $221.77 on Tuesday. The business has a fifty day simple moving average of $229.90 and a 200-day simple moving average of $242.71. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The firm has a market cap of $53.14 billion, a P/E ratio of 36.06, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

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.