State of Tennessee Department of Treasury Purchases 2,444 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of Tennessee Department of Treasury grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,217 shares of the company’s stock after buying an additional 2,444 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Hilton Worldwide were worth $20,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. JPMorgan Chase & Co. increased its stake in Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares during the period. Capital International Investors lifted its holdings in Hilton Worldwide by 2.0% during the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Geode Capital Management LLC boosted its position in Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after buying an additional 67,292 shares during the period. Finally, Franklin Resources Inc. grew its stake in Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after acquiring an additional 320,550 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Up 3.0 %

NYSE:HLT opened at $210.73 on Wednesday. The company’s 50 day moving average is $233.77 and its two-hundred day moving average is $243.12. The company has a market cap of $50.49 billion, a PE ratio of 34.26, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a twelve month low of $194.71 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its 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 expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Analyst Ratings Changes

A number of analysts recently issued reports on HLT shares. Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Susquehanna increased 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. Morgan Stanley decreased their price objective on Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays dropped their target price on shares of Hilton Worldwide from $287.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $243.44.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated 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 transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

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.