International Assets Investment Management LLC Acquires 93,704 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• International Assets Investment Management increased its Hilton position by 93,704 shares, bringing its total to 95,000 shares valued at approximately $30.2 million. Institutional investors collectively own 95.9% of Hilton’s stock.
• Hilton reported quarterly EPS of $2.45, exceeding the $2.37 consensus estimate, while revenue increased 6.6% year over year. The company also declared a quarterly dividend of $0.15 per share, representing a 0.2% yield.
• Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and a $363.57 target price, although Barclays lowered its outlook. Chief Financial Officer Kevin Jacobs sold 151,050 shares worth about $53.8 million, reducing his stake by 33.96%.

International Assets Investment Management LLC grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7,230.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,000 shares of the company's stock after purchasing an additional 93,704 shares during the period. International Assets Investment Management LLC's holdings in Hilton Worldwide were worth $30,221,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HLT. BlackRock Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $6,271,258,000. Bank of America Corp DE acquired a new stake in Hilton Worldwide during the second quarter worth about $1,733,669,000. Jupiter Topco LLC acquired a new stake in Hilton Worldwide during the second quarter worth about $663,882,000. Bank of New York Mellon Corp bought a new position in Hilton Worldwide in the second quarter worth about $437,227,000. Finally, Legal & General Group Plc bought a new position in Hilton Worldwide in the second quarter worth about $389,475,000. 95.90% of the stock is currently owned by institutional investors.

Trending Headlines about Hilton Worldwide

Here are the key news stories impacting Hilton Worldwide this week:

• Positive Sentiment: Mizuho upgraded Hilton to “outperform” from “neutral” and lifted its price target to $421 from $329, implying substantial upside from recent trading levels. The upgrade reflects increased confidence in Hilton’s earnings and growth outlook. Mizuho upgrade article
• Positive Sentiment: Goldman Sachs maintained a Buy rating on HLT, while Susquehanna, Wells Fargo and Robert W. Baird issued favorable outlooks or increased their price targets. The cluster of supportive recommendations may reinforce the bullish sentiment surrounding the stock. Goldman Sachs coverage Susquehanna forecast Wells Fargo price target Baird outlook
• Neutral Sentiment: Analyst commentary on consumer-cyclical companies, including Hilton, adds visibility but does not introduce a major new operating catalyst. Hilton’s latest reported quarter showed earnings above consensus and year-over-year revenue growth, supporting the favorable analyst tone. Consumer cyclical analyst commentary
• Negative Sentiment: Barclays lowered its expectations for Hilton’s stock price, creating a counterpoint to the broader analyst optimism and potentially limiting near-term gains. Barclays Hilton outlook
• Negative Sentiment: Chief financial officer Kevin Jacobs sold 151,050 HLT shares for approximately $53.8 million, reducing his holdings by 33.96%. Although insider sales can be planned for personal or diversification reasons, the transaction may weigh on sentiment because it occurred while the stock was near record highs. SEC insider sale filing

Hilton Worldwide Trading Down 0.0%

HLT opened at $356.92 on Friday. The business's 50 day moving average is $325.02 and its 200-day moving average is $320.76. The stock has a market cap of $79.41 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 2.80 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $364.50.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.11 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 9.14 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. 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 Tuesday, December 1st. Hilton Worldwide's dividend payout ratio (DPR) is 8.11%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HLT. CICC Research assumed coverage on Hilton Worldwide in a research note on Wednesday, August 12th. They issued an "outperform" rating for the company. UBS Group reiterated a "buy" rating and set a $363.00 price target on shares of Hilton Worldwide in a research report on Friday, August 14th. Robert W. Baird raised their price target on Hilton Worldwide from $360.00 to $362.00 and gave the stock an "outperform" rating in a report on Wednesday. Argus set a $410.00 price objective on Hilton Worldwide and gave the company a "buy" rating in a research report on Friday. Finally, Wolfe Research started coverage on shares of Hilton Worldwide in a report on Wednesday, September 2nd. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $363.57.

Insider Activity

In related news, insider Kevin J. Jacobs sold 151,050 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $356.19, for a total value of $53,802,499.50. Following the completion of the transaction, the insider owned 293,758 shares in the company, valued at $104,633,662.02. This represents a 33.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Laura Fuentes sold 7,289 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the completion of the transaction, the insider owned 33,458 shares of the company's stock, valued at $10,365,622.98. This represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 158,778 shares of company stock valued at $56,196,944. Company insiders own 2.70% of the company's stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.

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