Thurston Springer Miller Herd & Titak Inc. Sells 3,057 Shares of Hilton Worldwide Holdings Inc. $HLT

Key Points

• Thurston Springer Miller Herd & Titak Inc. significantly reduced its stake in Hilton Worldwide by 95.4%, owning only 146 shares after selling 3,057 shares in the second quarter.
• Hilton Worldwide's stock experienced a 2.8% decline and currently trades at approximately $266.18, with a market capitalization of $62.60 billion.
• The company recently reported earnings of $2.20 per share, surpassing analysts' estimates, and announced a quarterly dividend of $0.15, signaling ongoing financial stability.

Thurston Springer Miller Herd & Titak Inc. trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 95.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146 shares of the company's stock after selling 3,057 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Hilton Worldwide were worth $39,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HLT. Nuveen LLC purchased a new position in Hilton Worldwide in the 1st quarter valued at about $353,985,000. GAMMA Investing LLC increased its position in shares of Hilton Worldwide by 23,543.6% in the first quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after acquiring an additional 1,049,101 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Hilton Worldwide by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company's stock worth $487,135,000 after purchasing an additional 494,224 shares in the last quarter. Strs Ohio acquired a new stake in Hilton Worldwide in the first quarter valued at approximately $97,505,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hilton Worldwide by 30.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,720,594 shares of the company's stock valued at $391,521,000 after purchasing an additional 398,827 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christopher W. Silcock sold 11,905 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the sale, the insider owned 79,451 shares of the company's stock, valued at approximately $21,404,099.40. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company's stock.

Hilton Worldwide Trading Up 0.9%

Shares of Hilton Worldwide stock traded up $2.33 during midday trading on Friday, reaching $268.63. The company had a trading volume of 3,686,522 shares, compared to its average volume of 1,350,463. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.80. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The stock has a fifty day simple moving average of $271.14 and a 200 day simple moving average of $250.61.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its 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 company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $1.91 EPS. The company's revenue for the quarter 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. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be 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 is Friday, August 29th. Hilton Worldwide's dividend payout ratio is presently 9.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial raised their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Bank of America upped their target price on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, July 21st. Sanford C. Bernstein boosted their target price on shares of Hilton Worldwide from $261.00 to $288.00 and gave the company a "market perform" rating in a research note on Tuesday, September 16th. Raymond James Financial increased their price target on Hilton Worldwide from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.88.

About Hilton Worldwide

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.