Sentry Investment Management LLC Sells 6,000 Shares of Hilton Hotels Co. (HLT)

Sentry Investment Management LLC trimmed its stake in Hilton Hotels Co. (NYSE:HLT) by 32.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,485 shares of the company’s stock after selling 6,000 shares during the period. Sentry Investment Management LLC’s holdings in Hilton Hotels were worth $1,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLT. Principal Financial Group Inc. increased its holdings in Hilton Hotels by 24.2% in the first quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock valued at $435,687,000 after purchasing an additional 1,077,659 shares during the period. IFM Investors Pty Ltd increased its holdings in Hilton Hotels by 105.0% in the second quarter. IFM Investors Pty Ltd now owns 12,843 shares of the company’s stock valued at $1,017,000 after purchasing an additional 6,577 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Hilton Hotels by 51.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,433 shares of the company’s stock valued at $351,000 after purchasing an additional 1,500 shares during the period. State of Alaska Department of Revenue increased its holdings in Hilton Hotels by 45.3% in the second quarter. State of Alaska Department of Revenue now owns 55,620 shares of the company’s stock valued at $4,402,000 after purchasing an additional 17,347 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Hilton Hotels by 64.7% in the second quarter. Xact Kapitalforvaltning AB now owns 39,975 shares of the company’s stock valued at $3,164,000 after purchasing an additional 15,708 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

A number of research firms recently weighed in on HLT. Robert W. Baird set a $84.00 price objective on Hilton Hotels and gave the company a “buy” rating in a report on Thursday, October 25th. Argus downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Raymond James decreased their price objective on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a report on Thursday, October 25th. Morgan Stanley set a $75.00 price target on shares of Hilton Hotels and gave the company a “hold” rating in a research report on Thursday, October 25th. Finally, Evercore ISI raised shares of Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 price target on the stock in a research report on Friday, October 26th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Hilton Hotels presently has a consensus rating of “Buy” and an average price target of $84.99.

Shares of HLT opened at $71.16 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 4.15 and a beta of 1.31. Hilton Hotels Co. has a 12 month low of $63.76 and a 12 month high of $88.11.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, sell-side analysts predict that Hilton Hotels Co. will post 2.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.

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Hilton Hotels 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.

Further Reading: Hedge Funds Explained

Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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