Key Points
- Hilton insider Kevin Jacobs sold 151,050 shares for approximately $53.8 million at an average price of $356.19, reducing his direct holdings by 33.96% to 293,758 shares.
- Hilton reported quarterly EPS of $2.45, beating estimates by $0.08, while revenue rose 6.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $363.57, though Barclays lowered its expectations.
- The company declared a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 payout and a 0.2% yield; institutional investors own 95.9% of Hilton’s stock.
Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) insider Kevin Jacobs sold 151,050 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the completion of the sale, the insider directly owned 293,758 shares of the company's stock, valued at approximately $104,633,662.02. This trade represents a 33.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hilton Worldwide Stock Performance
HLT opened at $356.92 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $364.50. The stock has a market capitalization of $79.41 billion, a PE ratio of 40.42, a P/E/G ratio of 2.80 and a beta of 1.10. The business's 50 day moving average price is $325.02 and its 200 day moving average price is $320.76.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 9.14 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 Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's dividend payout ratio is presently 8.11%.
Hedge Funds Weigh In On Hilton Worldwide
Institutional investors have recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in Hilton Worldwide during the second quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $26,000. IMG Wealth Management Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company's stock valued at $28,000 after buying an additional 79 shares in the last quarter. Finally, Wilkerson Advisory Group LLC raised its stake in Hilton Worldwide by 163.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company's stock worth $30,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Hilton Worldwide from $312.00 to $316.00 and gave the company a "hold" rating in a research note on Thursday, September 10th. Weiss Ratings downgraded shares of Hilton Worldwide from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday. Robert W. Baird upped their price target on Hilton Worldwide from $360.00 to $362.00 and gave the stock an "outperform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised Hilton Worldwide from a "hold" rating to a "buy" rating and set a $365.00 price objective for the company in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $390.00 price objective on shares of Hilton Worldwide in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $363.57.
Check Out Our Latest Stock Report on HLT
Hilton Worldwide News Roundup
Here are the key news stories impacting Hilton Worldwide this week:
- Positive Sentiment: Mizuho upgraded Hilton to “outperform” from “neutral” and lifted its price target to $421 from $329, implying substantial upside from recent trading levels. The upgrade reflects increased confidence in Hilton’s earnings and growth outlook. Mizuho upgrade article
- Positive Sentiment: Goldman Sachs maintained a Buy rating on HLT, while Susquehanna, Wells Fargo and Robert W. Baird issued favorable outlooks or increased their price targets. The cluster of supportive recommendations may reinforce the bullish sentiment surrounding the stock. Goldman Sachs coverage Susquehanna forecast Wells Fargo price target Baird outlook
- Neutral Sentiment: Analyst commentary on consumer-cyclical companies, including Hilton, adds visibility but does not introduce a major new operating catalyst. Hilton’s latest reported quarter showed earnings above consensus and year-over-year revenue growth, supporting the favorable analyst tone. Consumer cyclical analyst commentary
- Negative Sentiment: Barclays lowered its expectations for Hilton’s stock price, creating a counterpoint to the broader analyst optimism and potentially limiting near-term gains. Barclays Hilton outlook
- Negative Sentiment: Chief financial officer Kevin Jacobs sold 151,050 HLT shares for approximately $53.8 million, reducing his holdings by 33.96%. Although insider sales can be planned for personal or diversification reasons, the transaction may weigh on sentiment because it occurred while the stock was near record highs. SEC insider sale filing
Hilton Worldwide Company Profile
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Get Free Report)
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.
The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.
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