Allstate Corp lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,330 shares of the company's stock after selling 1,902 shares during the quarter. Allstate Corp's holdings in Hilton Worldwide were worth $1,213,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HLT. Nuveen LLC acquired a new position in shares of Hilton Worldwide during the 1st quarter valued at about $353,985,000. GAMMA Investing LLC increased its stake in shares of Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after acquiring an additional 1,049,101 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Hilton Worldwide by 30.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company's stock valued at $487,135,000 after acquiring an additional 494,224 shares during the last quarter. SurgoCap Partners LP acquired a new position in shares of Hilton Worldwide during the 4th quarter valued at about $109,492,000. Finally, Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after acquiring an additional 385,096 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
Insider Activity
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider directly owned 79,451 shares of the company's stock, valued at $21,404,099.40. This represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on HLT. Bank of America boosted their target price on Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a report on Monday, June 23rd. They set an "overweight" rating and a $282.00 target price for the company. Robert W. Baird boosted their target price on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Truist Financial boosted their target price on Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their target price for the stock from $228.00 to $296.00 in a report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.40.
Check Out Our Latest Stock Report on HLT
Hilton Worldwide Stock Up 0.4%
Shares of HLT traded up $1.22 during trading on Tuesday, reaching $275.29. The company's stock had a trading volume of 1,366,028 shares, compared to its average volume of 1,530,973. The company has a fifty day moving average of $267.58 and a two-hundred day moving average of $249.43. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The company has a market cap of $64.75 billion, a price-to-earnings ratio of 42.29, a P/E/G ratio of 2.70 and a beta of 1.26.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $1.91 EPS. Hilton Worldwide's quarterly revenue was up 6.3% on a year-over-year basis. Hilton Worldwide has set its Q3 2025 guidance at 1.980-2.040 EPS. FY 2025 guidance at 7.830-8.000 EPS. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. Hilton Worldwide's dividend payout ratio is presently 9.22%.
About Hilton Worldwide
(
Free Report)
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.
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