FineMark National Bank & Trust cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 69.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,445 shares of the company’s stock after selling 56,685 shares during the quarter. FineMark National Bank & Trust’s holdings in Hilton Worldwide were worth $6,511,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Hilton Worldwide in the 1st quarter valued at about $2,262,000. Malaga Cove Capital LLC bought a new stake in Hilton Worldwide in the first quarter valued at about $316,000. Eisler Capital Management Ltd. raised its stake in Hilton Worldwide by 2,679.0% during the first quarter. Eisler Capital Management Ltd. now owns 90,039 shares of the company’s stock valued at $20,480,000 after buying an additional 86,799 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Hilton Worldwide by 31.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,969 shares of the company’s stock worth $1,323,000 after buying an additional 1,196 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Hilton Worldwide in the 1st quarter worth approximately $228,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 79,451 shares in the company, valued at approximately $21,404,099.40. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.
Hilton Worldwide Trading Up 0.8%
Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Hilton Worldwide has set its Q4 2025 guidance at 1.940-2.030 EPS. FY 2025 guidance at 7.970-8.060 EPS. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 21st. Hilton Worldwide’s dividend payout ratio is currently 8.68%.
Analysts Set New Price Targets
Several research firms recently issued reports on HLT. Susquehanna upped their price target on Hilton Worldwide from $245.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial raised their target price 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. Robert W. Baird lowered their target price on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 17th. The Goldman Sachs Group raised their price target on Hilton Worldwide from $274.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Evercore ISI upped their price objective on Hilton Worldwide from $270.00 to $280.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $283.50.
Check Out Our Latest Research Report on HLT
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.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- 3 Best Fintech Stocks for a Portfolio Boost
- What’s on the Thanksgiving Table? A Stock Pick for Every Course
- Expert Stock Trading Psychology Tips
- Why Home Depot’s Pain Could Be a Long-Term Investor’s Gain
- Dividend Capture Strategy: What You Need to Know
- Qualcomm’s Bulls Are Running Out of Room to Be Wrong
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
