Bank of Nova Scotia Cuts Stake in Hilton Worldwide Holdings Inc. $HLT

Bank of Nova Scotia trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 47.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,155 shares of the company’s stock after selling 21,719 shares during the period. Bank of Nova Scotia’s holdings in Hilton Worldwide were worth $6,434,000 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. Vanguard Group Inc. boosted its position in Hilton Worldwide by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock worth $6,741,388,000 after purchasing an additional 196,126 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Hilton Worldwide by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after purchasing an additional 172,121 shares during the period. Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 4.0% during the second quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock worth $1,449,599,000 after buying an additional 208,708 shares in the last quarter. Jennison Associates LLC grew its position in Hilton Worldwide by 22.4% during the second quarter. Jennison Associates LLC now owns 4,631,719 shares of the company’s stock valued at $1,233,612,000 after buying an additional 847,353 shares during the period. Finally, Invesco Ltd. increased its holdings in Hilton Worldwide by 2.0% in the second quarter. Invesco Ltd. now owns 2,545,091 shares of the company’s stock valued at $677,859,000 after buying an additional 49,326 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Up 2.6%

HLT opened at $278.23 on Friday. The stock’s 50 day moving average price is $268.54 and its two-hundred day moving average price is $266.22. The firm has a market capitalization of $64.67 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.79 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $287.39.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 22nd. The company reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.Hilton Worldwide’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. Hilton Worldwide has set its Q4 2025 guidance at 1.940-2.030 EPS and its FY 2025 guidance at 7.970-8.060 EPS. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 8.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLT. Robert W. Baird cut their target price on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Morgan Stanley increased their price objective on Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday. 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. Finally, Wells Fargo & Company initiated coverage on shares of Hilton Worldwide in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $332.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average target price of $283.31.

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.