Patten & Patten Inc. TN Sells 3,359 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• Patten & Patten Inc. TN sold 3,359 shares of Hilton Worldwide Holdings Inc., reducing its stake by 9.7% to 31,280 shares, valued at approximately $8.33 million.
• Several institutional investors have increased their holdings in Hilton Worldwide, with boosts ranging from 78.7% to 244.8% during the first and second quarters.
• Hilton Worldwide recently declared a quarterly dividend of $0.15 per share, representing an annual yield of 0.2%, with a low payout ratio of 9.22%.

Patten & Patten Inc. TN decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,280 shares of the company's stock after selling 3,359 shares during the quarter. Patten & Patten Inc. TN's holdings in Hilton Worldwide were worth $8,331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. ORG Partners LLC boosted its position in shares of Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares during the last quarter. Beacon Capital Management LLC lifted its position in 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 last quarter. LRI Investments LLC lifted its position in Hilton Worldwide by 84.1% during the second quarter. LRI Investments LLC now owns 151 shares of the company's stock valued at $40,000 after purchasing an additional 69 shares during the last quarter. Valley National Advisers Inc. lifted 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 purchasing an additional 142 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Hilton Worldwide during the first quarter valued at $54,000. Institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research reports. Barclays lowered their price objective on shares of Hilton Worldwide from $291.00 to $288.00 and set an "overweight" rating for the company in a research report on Friday, October 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Hilton Worldwide in a research report on Wednesday, October 8th. Sanford C. Bernstein increased their price objective on shares of Hilton Worldwide from $261.00 to $288.00 and gave the company a "market perform" rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Finally, Macquarie increased their target price on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $267.88.

Insider Buying and Selling

In related news, insider Christopher W. Silcock sold 11,905 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $269.40, for a total value of $3,207,207.00. Following the transaction, the insider owned 79,451 shares of the company's stock, valued at $21,404,099.40. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by corporate insiders.

Hilton Worldwide Trading Down 1.5%

Shares of HLT opened at $264.43 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.80. The company has a market cap of $62.19 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.65 and a beta of 1.19. The company's fifty day simple moving average is $268.20 and its 200-day simple moving average is $254.01.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. Hilton Worldwide has set its Q3 2025 guidance at 1.980-2.040 EPS. FY 2025 guidance at 7.830-8.000 EPS. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.22%.

Hilton Worldwide Company 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.

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