Mackay Shields LLC decreased its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,992 shares of the company’s stock after selling 19,375 shares during the quarter. Mackay Shields LLC’s holdings in Hilton Hotels were worth $7,635,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Pensionfund DSM Netherlands acquired a new stake in shares of Hilton Hotels in the second quarter worth $2,639,000. Pensionfund Sabic acquired a new stake in shares of Hilton Hotels in the second quarter worth $1,759,000. WINTON GROUP Ltd acquired a new stake in shares of Hilton Hotels in the second quarter worth $15,654,000. Carroll Financial Associates Inc. increased its stake in shares of Hilton Hotels by 122.4% in the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after acquiring an additional 175 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new stake in shares of Hilton Hotels in the second quarter worth $1,290,000. Institutional investors and hedge funds own 99.14% of the company’s stock.
A number of analysts recently issued reports on HLT shares. BMO Capital Markets started coverage on shares of Hilton Hotels in a report on Wednesday, October 16th. They set an “outperform” rating and a $104.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Hilton Hotels in a report on Wednesday, September 11th. They set an “outperform” rating and a $108.00 price target on the stock. Deutsche Bank lowered their price target on shares of Hilton Hotels from $95.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Morgan Stanley increased their price target on shares of Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research raised shares of Hilton Hotels from a “sell” rating to a “hold” rating and set a $103.00 price target on the stock in a report on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $99.65.
Shares of NYSE:HLT traded down $0.83 during midday trading on Friday, hitting $98.10. The company’s stock had a trading volume of 16,462 shares, compared to its average volume of 1,880,764. The business’s 50 day simple moving average is $94.13 and its 200 day simple moving average is $93.72. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $27.91 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 3.23 and a beta of 1.10. Hilton Hotels Co. has a 12-month low of $65.64 and a 12-month high of $101.14.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. Hilton Hotels had a net margin of 9.92% and a return on equity of 972.97%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that Hilton Hotels Co. will post 3.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, November 7th. Hilton Hotels’s payout ratio is currently 21.51%.
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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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