Procyon Advisors LLC Sells 10,553 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• Procyon Advisors LLC has significantly reduced its stake in Hilton Worldwide Holdings Inc., selling 10,553 shares and decreasing its holdings by 91.9%.
• In the latest quarter, Hilton reported a $2.20 EPS, surpassing analyst expectations and achieving a revenue of $3.14 billion.
• Recent changes in analyst ratings include increases in target prices, with Raymond James Financial raising its target from $275.00 to $300.00 and maintaining an "outperform" rating.

Procyon Advisors LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 91.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 936 shares of the company's stock after selling 10,553 shares during the period. Procyon Advisors LLC's holdings in Hilton Worldwide were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLT. ORG Partners LLC increased its stake in Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after buying an additional 74 shares during the last quarter. Beacon Capital Management LLC increased its stake in Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after buying an additional 76 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after purchasing an additional 142 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Hilton Worldwide during the 1st quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Hilton Worldwide during the 1st quarter worth about $61,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher W. Silcock sold 11,905 shares of the 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 sale, the insider directly owned 79,451 shares in the company, valued at $21,404,099.40. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Down 0.9%

NYSE HLT traded down $2.33 on Monday, hitting $266.29. The company's stock had a trading volume of 672,466 shares, compared to its average volume of 1,954,674. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The company's 50-day moving average is $271.14 and its 200 day moving average is $250.61. The firm has a market cap of $62.63 billion, a PE ratio of 40.89, a PEG ratio of 2.65 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 (EPS) for the quarter, beating 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 firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the company posted $1.91 EPS. The company's revenue was up 6.3% on a year-over-year basis. 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 analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio is 9.22%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Bank of America boosted their price objective on shares of Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Raymond James Financial boosted their price objective on shares of Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays reduced their target price on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Robert W. Baird lifted their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $265.88.

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.