Daiwa Securities Group Inc. decreased its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,071 shares of the company’s stock after selling 4,146 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hilton Hotels were worth $4,290,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. Usca Ria LLC purchased a new stake in Hilton Hotels in the third quarter worth approximately $27,000. Lenox Wealth Management Inc. purchased a new stake in Hilton Hotels in the second quarter worth approximately $28,000. Carroll Financial Associates Inc. boosted its stake in 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 buying an additional 175 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in Hilton Hotels in the third quarter worth approximately $34,000. Finally, MRA Associates USA LLC purchased a new stake in Hilton Hotels in the second quarter worth approximately $37,000. 99.14% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Zacks Investment Research raised Hilton Hotels from a “sell” rating to a “hold” rating and set a $103.00 target price for the company in a research note on Monday, October 28th. Nomura cut their target price on Hilton Hotels from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Citigroup upped their target price on Hilton Hotels from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. ValuEngine lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Sanford C. Bernstein assumed coverage on Hilton Hotels in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $108.00 target price for the company. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $99.65.
NYSE:HLT opened at $99.09 on Friday. The firm has a market cap of $27.91 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 3.23 and a beta of 1.10. Hilton Hotels Co. has a fifty-two week low of $65.64 and a fifty-two week high of $101.14. 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 business has a 50 day moving average price of $94.19 and a 200-day moving average price of $93.78.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Research analysts predict that Hilton Hotels Co. will post 3.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, November 7th. Hilton Hotels’s dividend payout ratio (DPR) is presently 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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