Legal & General Group Plc Acquires New Shares in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Legal & General Group Plc acquired 1.18 million Hilton Worldwide shares worth approximately $389.5 million, representing about 0.52% of the company. Institutional investors collectively own 95.9% of Hilton’s stock.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $353.82. Recent upgrades included HSBC, Goldman Sachs and Deutsche Bank.
• Hilton reported quarterly EPS of $2.29, slightly exceeding estimates, while revenue rose 6.5% year over year to $1.38 billion. The company also declared a quarterly dividend of $0.15 per share, yielding approximately 0.2%.

Legal & General Group Plc bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,178,584 shares of the company's stock, valued at approximately $389,475,000. Legal & General Group Plc owned approximately 0.52% of Hilton Worldwide at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Hilton Worldwide in the second quarter valued at approximately $6,271,258,000. Norges Bank bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $803,047,000. Bank of New York Mellon Corp purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $437,227,000. Deutsche Bank AG purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $272,861,000. Finally, Two Sigma Investments LP boosted its holdings in Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company's stock valued at $212,998,000 after purchasing an additional 758,930 shares during the period. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HLT shares. HSBC upped their price target on shares of Hilton Worldwide from $353.00 to $387.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. CICC Research assumed coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They set an "outperform" rating for the company. Mizuho upped their target price on Hilton Worldwide from $321.00 to $326.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their price target on Hilton Worldwide from $354.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a "hold" rating to a "buy" rating and set a $365.00 price objective for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $353.82.

Hilton Worldwide Stock Performance

NYSE HLT opened at $329.72 on Wednesday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The company has a fifty day moving average of $329.30 and a 200-day moving average of $322.04. The company has a market capitalization of $74.21 billion, a P/E ratio of 48.42, a P/E/G ratio of 2.80 and a beta of 1.05.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.02. Hilton Worldwide had a negative return on equity of 35.24% and a net margin of 12.69%.The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Hilton Worldwide has set its Q3 2026 guidance at 2.280-2.340 EPS and its FY 2026 guidance at 8.890-9.010 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 9.08 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st 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 Friday, August 21st. Hilton Worldwide's dividend payout ratio (DPR) is currently 8.81%.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton's brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.

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