Parnassus Investments LLC Reduces Holdings in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Parnassus Investments LLC has reduced its position in Hilton Worldwide by 8.7%, now owning 246,404 shares estimated to be worth $56 million.
• Other institutional investors have also adjusted their holdings, with Nuveen LLC acquiring a new stake valued at approximately $354 million and GAMMA Investing LLC increasing its holdings by 23,543.6%.
• Hilton Worldwide recently reported $2.20 EPS for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.15 per share for shareholders.

Parnassus Investments LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,404 shares of the company's stock after selling 23,365 shares during the quarter. Parnassus Investments LLC owned approximately 0.10% of Hilton Worldwide worth $56,069,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HLT. ORG Partners LLC lifted its position in shares of Hilton Worldwide by 78.7% in 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 in the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after purchasing an additional 76 shares during the period. Valley National Advisers Inc. increased its position in 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 acquiring an additional 142 shares during the last quarter. Wayfinding Financial LLC bought a new position in Hilton Worldwide during the 1st quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hilton Worldwide in the first quarter worth approximately $61,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HLT shares. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and raised their price target for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research note on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target for the company. Raymond James Financial increased their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Bank of America lifted their target price on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Macquarie increased their price target on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. 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 company. According to MarketBeat, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $264.40.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly owned 79,451 shares in the company, valued at approximately $21,404,099.40. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Hilton Worldwide Trading Down 0.1%

Shares of HLT traded down $0.21 during midday trading on Tuesday, hitting $275.85. 1,821,452 shares of the company's stock traded hands, compared to its average volume of 1,987,127. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The firm's fifty day moving average is $269.75 and its 200-day moving average is $249.49. The stock has a market capitalization of $64.88 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 2.72 and a beta of 1.21.

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

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $0.15 dividend. 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 dividend payout ratio is presently 9.22%.

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.