5,060 Hilton Worldwide Holdings Inc. $HLT Shares Sold by Payden & Rygel

Payden & Rygel lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,880 shares of the company’s stock after selling 5,060 shares during the quarter. Payden & Rygel’s holdings in Hilton Worldwide were worth $6,960,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HLT. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $26,000. Trust Co. of Vermont purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its stake in Hilton Worldwide by 1,128.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Wilkerson Advisory Group LLC raised its stake in Hilton Worldwide by 163.2% in the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after purchasing an additional 62 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HLT. Argus set a $410.00 price target on Hilton Worldwide and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $365.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Freedom Broker assumed coverage on Hilton Worldwide in a research report on Wednesday, October 14th. They set a “buy” rating and a $359.00 price objective for the company. Barclays lowered their price objective on Hilton Worldwide from $384.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Susquehanna raised their price target on shares of Hilton Worldwide from $345.00 to $360.00 and gave the company a “neutral” rating 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $363.57.

Insider Buying and Selling

In other Hilton Worldwide news, Director Chris Carr sold 439 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the transaction, the director owned 8,252 shares of the company’s stock, valued at $2,560,925.68. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Fuentes sold 7,289 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $309.81, for a total value of $2,258,205.09. Following the transaction, the insider owned 33,458 shares of the company’s stock, valued at $10,365,622.98. This represents a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 158,778 shares of company stock valued at $56,196,944. Corporate insiders own 2.70% of the company’s stock.

More Hilton Worldwide News

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 Price Performance

NYSE HLT opened at $356.92 on Friday. The business’s fifty day moving average price is $325.02 and its 200-day moving average price is $320.76. The stock has a market capitalization of $79.41 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 2.80 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $364.50.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. The company had revenue of $1.37 billion during 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%. Hilton Worldwide’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.14 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. 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 (DPR) is currently 8.11%.

Hilton Worldwide Company Profile

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.