Fred Alger Management LLC Buys 1,968 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• Fred Alger Management LLC increased its stake in Hilton Worldwide Holdings Inc. by 60.3%, acquiring 1,968 additional shares, bringing their total holdings to 5,231 shares valued at approximately $1.19 million.
• Equities analysts are bullish on Hilton Worldwide, with Raymond James and Bank of America raising their price targets to $300 and $285 respectively, and the company holding a consensus rating of "Moderate Buy".
• The company announced a quarterly dividend of $0.15 per share, representing a dividend yield of 0.2% and indicating a healthy payout ratio of 9.22%.

Fred Alger Management LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 60.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,231 shares of the company's stock after acquiring an additional 1,968 shares during the period. Fred Alger Management LLC's holdings in Hilton Worldwide were worth $1,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HLT. ORG Partners LLC grew its position in Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after acquiring an additional 74 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Hilton Worldwide by 244.8% during the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after purchasing an additional 142 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Hilton Worldwide during the first quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hilton Worldwide during the first quarter valued at approximately $61,000. 95.90% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher W. Silcock sold 11,905 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the completion of the transaction, the insider directly owned 79,451 shares in the company, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

Hilton Worldwide Trading Down 1.1%

HLT traded down $3.12 during trading on Friday, reaching $275.10. The stock had a trading volume of 703,553 shares, compared to its average volume of 1,347,755. The stock's 50 day moving average is $271.63 and its two-hundred day moving average is $250.34. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 2.74 and a beta of 1.21. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.80.

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

Hilton Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

HLT has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. initiated coverage on Hilton Worldwide in a research note on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Truist Financial increased their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Bank of America raised their price target on Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Macquarie raised their price target on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $264.40.

Hilton Worldwide Profile

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.