California State Teachers Retirement System cut its holdings in Hilton Worldwide Holdings Inc (NYSE:HLT) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,901 shares of the company’s stock after selling 12,289 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Hilton Worldwide worth $23,606,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. QS Investors LLC raised its holdings in Hilton Worldwide by 749.6% during the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $151,000. Commonwealth Bank of Australia raised its holdings in Hilton Worldwide by 255.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after buying an additional 2,173 shares during the period. Hilton Capital Management LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $208,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $208,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

Several research firms have issued reports on HLT. B. Riley restated a “neutral” rating on shares of Hilton Worldwide in a report on Wednesday, November 1st. Morgan Stanley restated a “buy” rating on shares of Hilton Worldwide in a report on Friday, December 8th. FBR & Co restated a “neutral” rating and set a $73.00 price objective on shares of Hilton Worldwide in a report on Thursday, October 26th. Royal Bank of Canada restated a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $72.47.

In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Hilton Worldwide Holdings Inc (NYSE HLT) opened at $78.09 on Tuesday. The firm has a market capitalization of $24,655.45, a PE ratio of 35.68, a PEG ratio of 8.10 and a beta of 1.33. Hilton Worldwide Holdings Inc has a twelve month low of $55.00 and a twelve month high of $78.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide had a return on equity of 27.32% and a net margin of 0.33%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. sell-side analysts forecast that Hilton Worldwide Holdings Inc will post 1.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. Hilton Worldwide’s dividend payout ratio is 545.45%.

Hilton Worldwide announced that its Board of Directors has approved a stock buyback plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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About Hilton Worldwide

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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