Aviva PLC Sells 5,183 Shares of Hilton Hotels Co. (HLT)

Aviva PLC decreased its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,706 shares of the company’s stock after selling 5,183 shares during the quarter. Aviva PLC’s holdings in Hilton Hotels were worth $10,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. IFM Investors Pty Ltd lifted 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 valued at $1,199,000 after acquiring an additional 1,994 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Hilton Hotels by 61.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock valued at $2,316,000 after acquiring an additional 11,173 shares in the last quarter. Impax Asset Management LLC acquired a new position in shares of Hilton Hotels during the 2nd quarter valued at $271,000. Vulcan Value Partners LLC lifted its holdings in shares of Hilton Hotels by 3.3% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock valued at $389,065,000 after acquiring an additional 156,544 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Hilton Hotels by 6.1% during the 2nd quarter. Morgan Stanley now owns 994,725 shares of the company’s stock valued at $78,742,000 after acquiring an additional 57,185 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Longbow Research assumed coverage on shares of Hilton Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $96.00 price objective on the stock. Zacks Investment Research upgraded shares of Hilton Hotels from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Robert W. Baird set a $84.00 price objective on shares of Hilton Hotels and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, B. Riley upgraded shares of Hilton Hotels from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $91.00 to $85.00 in a report on Thursday, October 25th. Six investment 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 stock. Hilton Hotels has an average rating of “Buy” and an average target price of $85.28.

Shares of Hilton Hotels stock opened at $75.54 on Monday. The stock has a market capitalization of $22.40 billion, a PE ratio of 37.77, a P/E/G ratio of 4.30 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. Hilton Hotels Co. has a 1 year low of $63.76 and a 1 year high of $88.11.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be paid a $0.15 dividend. 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 0.79%. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.

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About Hilton Hotels

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: What is a capital gain?

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

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