D.A. Davidson & CO. purchased a new position in shares of Hilton Hotels Co. (NYSE:HLT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,662 shares of the company’s stock, valued at approximately $215,000.
Other institutional investors have also bought and sold shares of the company. IFM Investors Pty Ltd boosted its holdings in shares of Hilton Hotels by 15.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 14,837 shares of the company’s stock worth $1,199,000 after buying an additional 1,994 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Hilton Hotels by 61.8% during the second quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock worth $2,316,000 after purchasing an additional 11,173 shares during the period. Impax Asset Management LLC acquired a new position in shares of Hilton Hotels during the second quarter worth approximately $271,000. State of New Jersey Common Pension Fund D raised its position in shares of Hilton Hotels by 0.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 351,866 shares of the company’s stock worth $28,424,000 after purchasing an additional 1,500 shares during the period. Finally, Vulcan Value Partners LLC raised its position in shares of Hilton Hotels by 3.3% during the second quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock worth $389,065,000 after purchasing an additional 156,544 shares during the period. Hedge funds and other institutional investors own 96.62% of the company’s stock.
A number of equities analysts have recently weighed in on HLT shares. Cowen started coverage on Hilton Hotels in a research report on Monday, October 22nd. They set an “outperform” rating and a $81.00 target price on the stock. Zacks Investment Research lowered Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Bank of America lowered their target price on Hilton Hotels from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Royal Bank of Canada lowered their target price on Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Finally, ValuEngine lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Hilton Hotels has a consensus rating of “Buy” and an average price target of $85.28.
NYSE HLT opened at $72.86 on Friday. The firm has a market capitalization of $22.29 billion, a P/E ratio of 36.43, a P/E/G ratio of 4.27 and a beta of 1.32. Hilton Hotels Co. has a 12 month low of $63.76 and a 12 month high of $88.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. Hilton Hotels’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. Equities analysts expect that Hilton Hotels Co. will post 2.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s payout ratio is currently 30.00%.
Hilton Hotels Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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