Hilton Worldwide Holdings Inc. $HLT Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 469,173 shares of the company’s stock after selling 21,262 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Hilton Worldwide worth $149,253,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HLT. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide in the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $26,000. Trust Co. of Vermont acquired a new stake in Hilton Worldwide in the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC boosted 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 valued at $28,000 after buying an additional 79 shares in the last quarter. Finally, Wilkerson Advisory Group LLC grew its position 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 acquiring an additional 62 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the completion of the sale, the insider directly owned 33,458 shares of the company’s stock, valued at $10,365,622.98. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Chris Carr sold 439 shares of the firm’s stock in a transaction that occurred on 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 directly owned 8,252 shares in the company, valued at approximately $2,560,925.68. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 158,778 shares of company stock valued at $56,196,944 over the last ninety days. Insiders own 2.70% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $356.92 on Monday. The company has a market cap of $79.41 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of 2.80 and a beta of 1.08. The stock’s fifty day moving average price is $325.02 and its two-hundred day moving average price is $320.76. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $364.50.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (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 analysts’ expectations of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 earnings per share. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 8.11%.

Analyst Ratings Changes

HLT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded 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. Argus set a $410.00 target price on shares of Hilton Worldwide and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $365.00 to $387.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Mizuho raised shares of Hilton Worldwide from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $329.00 to $421.00 in a report on Thursday. Finally, Wolfe Research started coverage on shares of Hilton Worldwide in a research report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $363.57.

Key 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 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.