Jennison Associates LLC Sells 75,730 Shares of Hilton Worldwide Holdings Inc. $HLT

Jennison Associates LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.3% during the 1st quarter, HoldingsChannel reports. The fund owned 3,245,568 shares of the company’s stock after selling 75,730 shares during the period. Jennison Associates LLC’s holdings in Hilton Worldwide were worth $986,912,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HLT. Kemnay Advisory Services Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at about $26,000. ST Germain D J Co. Inc. purchased a new stake in Hilton Worldwide in the 4th quarter worth about $33,000. Avalon Trust Co bought a new stake in Hilton Worldwide in the first quarter worth about $45,000. BOCHK Asset Management Ltd bought a new stake in Hilton Worldwide in the fourth quarter worth about $43,000. Finally, MV Capital Management Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $43,000. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HLT shares. Barclays upped their target price on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Susquehanna boosted their price objective on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley upped their price objective on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research report on Friday. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group lifted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $350.18.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $322.23 on Friday. The firm’s 50 day simple moving average is $332.95 and its 200-day simple moving average is $316.86. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The firm has a market cap of $73.36 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Hilton Worldwide had a negative return on equity of 38.21% and a net margin of 12.56%.The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. Hilton Worldwide’s quarterly revenue was up 9.0% on a year-over-year basis. Hilton Worldwide has set its FY 2026 guidance at 8.280-8.400 EPS and its Q2 2026 guidance at 2.180-2.240 EPS. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 9.03 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s payout ratio is 9.16%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.