Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 768.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,535 shares of the company’s stock after purchasing an additional 12,861 shares during the period. Teacher Retirement System of Texas’ holdings in Hilton Worldwide were worth $3,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Hilton Worldwide during the third quarter valued at about $765,000. Jones Financial Companies Lllp raised its holdings in shares of Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after buying an additional 1,740 shares during the last quarter. Amundi lifted its stake in shares of Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after buying an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after buying an additional 4,846 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday. Barclays raised their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Mizuho reissued a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price target on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Stock Up 1.4 %

NYSE HLT opened at $232.62 on Tuesday. The stock has a market cap of $55.97 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The business has a fifty day moving average of $252.04 and a 200-day moving average of $244.61.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

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.