Retirement Systems of Alabama Cuts Stake in Hilton Worldwide Holdings Inc (HLT)

Retirement Systems of Alabama decreased its stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 97,995 shares of the company’s stock after selling 1,100 shares during the quarter. Retirement Systems of Alabama’s holdings in Hilton Worldwide were worth $7,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Hilton Worldwide by 19.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after purchasing an additional 2,035,463 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hilton Worldwide by 29.0% during the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after purchasing an additional 999,899 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Hilton Worldwide by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 4,171,275 shares of the company’s stock valued at $289,695,000 after purchasing an additional 18,395 shares in the last quarter. Capital International Investors bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $267,430,000. Finally, American Century Companies Inc. boosted its stake in shares of Hilton Worldwide by 18.7% during the 3rd quarter. American Century Companies Inc. now owns 1,303,882 shares of the company’s stock valued at $90,555,000 after purchasing an additional 205,103 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Holdings Inc (NYSE:HLT) opened at $83.27 on Tuesday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $26,323.15, a PE ratio of 21.41, a P/E/G ratio of 5.99 and a beta of 1.32. Hilton Worldwide Holdings Inc has a 12-month low of $55.79 and a 12-month high of $88.11.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.10. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. equities analysts anticipate that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 2nd will be issued a $0.15 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.60 annualized dividend and a yield of 0.72%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 15.42%.

Hilton Worldwide declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts have recently weighed in on HLT shares. Barclays lifted their target price on shares of Hilton Worldwide from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Raymond James Financial raised shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $78.00 to $69.00 in a research note on Monday, January 8th. Morgan Stanley reaffirmed a “buy” rating on shares of Hilton Worldwide in a research note on Friday, December 8th. B. Riley reaffirmed a “neutral” rating and set a $84.00 target price (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. Finally, FBR & Co reaffirmed a “neutral” rating and set a $73.00 target price on shares of Hilton Worldwide in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.61.

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Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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