State of Alaska Department of Revenue Has $6.87 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

State of Alaska Department of Revenue decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,795 shares of the company’s stock after selling 830 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hilton Worldwide were worth $6,869,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its stake in shares of Hilton Worldwide by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 18,441 shares of the company’s stock valued at $4,558,000 after acquiring an additional 516 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Hilton Worldwide by 22.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,992 shares of the company’s stock valued at $6,981,000 after purchasing an additional 5,134 shares during the period. Berkshire Money Management Inc. bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $323,000. Brown Lisle Cummings Inc. grew its position in shares of Hilton Worldwide by 276.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 470 shares of the company’s stock worth $116,000 after buying an additional 345 shares during the period. Finally, Longboard Asset Management LP bought a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $242,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Bank of America lifted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen cut their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Macquarie boosted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $244.06.

Hilton Worldwide Stock Down 0.3 %

Shares of HLT stock opened at $269.55 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $186.83 and a 12-month high of $274.18. The firm has a fifty day moving average of $250.31 and a 200-day moving average of $235.50. The company has a market capitalization of $65.71 billion, a price-to-earnings ratio of 57.84, a P/E/G ratio of 2.67 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Hilton Worldwide announced that its board has initiated a stock buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

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.