Corebridge Financial Inc. Trims Holdings in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Corebridge Financial Inc. reduced its stake in Hilton Worldwide Holdings by 5.5%, bringing its holdings down to 78,729 shares worth approximately $17.9 million.
• Several institutional investors have also modified their positions in Hilton, with Massachusetts Financial Services increasing its holdings by 8.1%, now owning 4.84 million shares valued at around $1.1 billion.
• Hilton Worldwide's stock opened at $274.27 but has seen a 1.2% decline, with its market cap at $64.51 billion and a P/E ratio of 42.13.

Corebridge Financial Inc. lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,729 shares of the company's stock after selling 4,584 shares during the quarter. Corebridge Financial Inc.'s holdings in Hilton Worldwide were worth $17,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new stake in Hilton Worldwide during the first quarter valued at $85,000. Taikang Asset Management Hong Kong Co Ltd acquired a new stake in Hilton Worldwide during the first quarter valued at $4,717,000. Comerica Bank grew its position in Hilton Worldwide by 7.9% during the first quarter. Comerica Bank now owns 75,938 shares of the company's stock valued at $17,280,000 after buying an additional 5,540 shares during the period. ICONIQ Capital LLC grew its position in Hilton Worldwide by 16.9% during the first quarter. ICONIQ Capital LLC now owns 1,292 shares of the company's stock valued at $294,000 after buying an additional 187 shares during the period. Finally, Quantitative Investment Management LLC grew its position in Hilton Worldwide by 122.8% during the first quarter. Quantitative Investment Management LLC now owns 5,944 shares of the company's stock valued at $1,352,000 after buying an additional 3,276 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Price Performance

HLT traded down $0.42 on Friday, reaching $275.88. 1,108,681 shares of the company's stock were exchanged, compared to its average volume of 1,466,295. The stock has a market cap of $64.88 billion, a PE ratio of 42.38, a P/E/G ratio of 2.72 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46. The stock's fifty day moving average price is $269.27 and its 200-day moving average price is $249.72.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. Hilton Worldwide's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 earnings per share. 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, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's payout ratio is 9.22%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $269.40, for a total transaction 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. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLT. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Raymond James Financial lifted their target price on shares of Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Macquarie lifted their target price on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and lifted their target price for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Finally, Bank of America lifted their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Hilton Worldwide has an average rating of "Moderate Buy" and an average price target of $264.40.

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.