Russell Investments Group Ltd. lessened its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,250 shares of the company’s stock after selling 8,153 shares during the period. Russell Investments Group Ltd. owned 0.11% of Hilton Hotels worth $27,588,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lenox Wealth Management Inc. bought a new stake in Hilton Hotels during the second quarter worth approximately $28,000. Usca Ria LLC bought a new stake in Hilton Hotels during the third quarter worth approximately $27,000. Carroll Financial Associates Inc. raised its holdings in Hilton Hotels by 122.4% during the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Hilton Hotels during the third quarter worth approximately $34,000. Finally, MRA Associates USA LLC bought a new stake in Hilton Hotels during the second quarter worth approximately $37,000. 99.14% of the stock is currently owned by institutional investors.
NYSE HLT opened at $98.93 on Friday. The stock has a market capitalization of $27.91 billion, a P/E ratio of 35.46, a P/E/G ratio of 3.23 and a beta of 1.10. Hilton Hotels Co. has a 1 year low of $65.64 and a 1 year high of $101.14. The business’s fifty day moving average is $94.13 and its two-hundred day 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.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, research analysts forecast that Hilton Hotels Co. will post 3.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 8th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.61%. Hilton Hotels’s dividend payout ratio is currently 21.51%.
HLT has been the topic of several recent analyst reports. ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. BMO Capital Markets initiated coverage on Hilton Hotels in a report on Wednesday, October 16th. They set an “outperform” rating and a $104.00 target price on the stock. Zacks Investment Research raised Hilton Hotels from a “sell” rating to a “hold” rating and set a $103.00 target price on the stock in a report on Monday, October 28th. Cleveland Research cut Hilton Hotels from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Finally, Citigroup boosted their target price on Hilton Hotels from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Hilton Hotels presently has a consensus rating of “Hold” and a consensus target price of $99.65.
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, 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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