First Manhattan CO. LLC. Reduces Holdings in Hilton Worldwide Holdings Inc. $HLT

Key Points

• First Manhattan CO. LLC has reduced its stake in Hilton Worldwide by 4.3%, now holding 151,915 shares valued at approximately $34.57 million.
• Insider Christopher W. Silcock sold 11,905 shares for over $3.2 million, resulting in a 13.03% decrease in his holdings.
• Equities analysts have expressed positive outlooks, with revised price targets, including a "buy" rating from Bank of America raising its target from $275 to $285.

First Manhattan CO. LLC. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,915 shares of the company's stock after selling 6,825 shares during the quarter. First Manhattan CO. LLC. owned 0.06% of Hilton Worldwide worth $34,568,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Focus Partners Advisor Solutions LLC purchased a new position in shares of Hilton Worldwide in the 1st quarter valued at about $485,000. Beck Mack & Oliver LLC grew its stake in Hilton Worldwide by 1.3% in the 1st quarter. Beck Mack & Oliver LLC now owns 431,992 shares of the company's stock valued at $98,300,000 after acquiring an additional 5,482 shares during the last quarter. Graham Capital Management L.P. grew its stake in Hilton Worldwide by 31.3% in the 1st quarter. Graham Capital Management L.P. now owns 15,889 shares of the company's stock valued at $3,616,000 after acquiring an additional 3,789 shares during the last quarter. Benchstone Capital Management LP grew its stake in Hilton Worldwide by 107.7% in the 1st quarter. Benchstone Capital Management LP now owns 171,921 shares of the company's stock valued at $39,121,000 after acquiring an additional 89,137 shares during the last quarter. Finally, MAI Capital Management grew its stake in Hilton Worldwide by 18.2% in the 1st quarter. MAI Capital Management now owns 1,631 shares of the company's stock valued at $371,000 after acquiring an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analysts Set New Price Targets

HLT has been the topic of a number of research reports. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Truist Financial increased their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and upped their target price for the company from $228.00 to $296.00 in a report on Monday, May 12th. Robert W. Baird upped their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Bank of America upped their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.40.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of Hilton Worldwide stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Down 2.1%

Shares of HLT traded down $5.86 during mid-day trading on Friday, hitting $272.20. The company had a trading volume of 1,578,820 shares, compared to its average volume of 1,429,783. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.81. The business's 50-day simple moving average is $271.09 and its 200-day simple moving average is $249.95. The stock has a market cap of $64.02 billion, a PE ratio of 41.81, a P/E/G ratio of 2.74 and a beta of 1.21.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations 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 revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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