AGF Management Ltd. trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 44.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,836 shares of the company’s stock after selling 223,673 shares during the quarter. AGF Management Ltd. owned 0.12% of Hilton Worldwide worth $74,532,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust boosted its stake in shares of Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after purchasing an additional 73 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Hilton Worldwide by 59.8% during the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after buying an additional 52 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Hilton Worldwide in the second quarter worth approximately $39,000. LRI Investments LLC lifted its stake in shares of Hilton Worldwide by 84.1% during the 2nd quarter. LRI Investments LLC now owns 151 shares of the company’s stock worth $40,000 after acquiring an additional 69 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Hilton Worldwide by 35.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock worth $58,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Insider Activity at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the stock in a transaction that occurred 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 owned 79,451 shares of the company’s stock, valued at $21,404,099.40. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by company insiders.
Hilton Worldwide Trading Up 3.1%
Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $3.01 billion. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. Hilton Worldwide has set its Q4 2025 guidance at 1.940-2.030 EPS. FY 2025 guidance at 7.970-8.060 EPS. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s payout ratio is 8.68%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on HLT shares. Macquarie increased their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Robert W. Baird reduced their price target on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Truist Financial lifted their price objective on shares of Hilton Worldwide from $246.00 to $253.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Hilton Worldwide in a research note on Friday, October 31st. Finally, TD Cowen decreased their price target on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.
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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