Zions Bancorporation National Association UT boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 99.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,926 shares of the company’s stock after acquiring an additional 962 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Hilton Worldwide were worth $513,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. Bank of Jackson Hole Trust grew its position in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after buying an additional 73 shares during the last quarter. 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 last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Hilton Worldwide in the 2nd quarter valued at about $39,000. LRI Investments LLC increased its position in shares of Hilton Worldwide by 84.1% during the 2nd 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. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Hilton Worldwide by 35.0% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 216 shares of the company’s stock worth $58,000 after purchasing an additional 56 shares during the period. Institutional investors own 95.90% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on HLT. Macquarie boosted their target price on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial increased their price target on shares of Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Morgan Stanley increased their price target on shares of Hilton Worldwide from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group lifted their price target on Hilton Worldwide from $274.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, TD Cowen dropped their target price on shares of Hilton Worldwide from $291.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.75.
Insider Transactions at Hilton Worldwide
In related news, insider Christopher W. Silcock sold 11,905 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $274.58 on Tuesday. The business’s fifty day moving average is $265.75 and its 200 day moving average is $261.31. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $279.80. The stock has a market capitalization of $63.82 billion, a PE ratio of 39.74, a price-to-earnings-growth ratio of 2.82 and a beta of 1.20.
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, topping the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 EPS. Hilton Worldwide has set its Q4 2025 guidance at 1.940-2.030 EPS. FY 2025 guidance at 7.970-8.060 EPS. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders 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 dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.68%.
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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