Daiwa Securities Group Inc. lifted its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 24.5% during the 3rd quarter, Holdings Channel reports. The firm owned 80,189 shares of the company’s stock after purchasing an additional 15,770 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hilton Hotels were worth $6,477,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Hilton Hotels by 36.7% during the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock worth $1,397,341,000 after purchasing an additional 4,740,303 shares during the last quarter. FMR LLC boosted its holdings in shares of Hilton Hotels by 86.0% during the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after purchasing an additional 6,763,660 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hilton Hotels by 24.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock worth $435,687,000 after purchasing an additional 1,077,659 shares during the last quarter. Vulcan Value Partners LLC boosted 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 worth $389,065,000 after purchasing an additional 156,544 shares during the last quarter. Finally, Putnam Investments LLC boosted its holdings in shares of Hilton Hotels by 16.4% during the 2nd quarter. Putnam Investments LLC now owns 4,096,552 shares of the company’s stock worth $324,283,000 after purchasing an additional 578,425 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Wells Fargo & Co upgraded Hilton Hotels from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $87.00 to $74.00 in a report on Thursday, October 25th. Evercore ISI upgraded Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 target price on the stock in a report on Friday, October 26th. Berenberg Bank upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Morgan Stanley set a $75.00 target price on Hilton Hotels and gave the stock a “hold” rating in a report on Thursday, October 25th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Hilton Hotels has a consensus rating of “Buy” and a consensus target price of $84.99.
HLT opened at $72.40 on Tuesday. Hilton Hotels Co. has a one year low of $63.76 and a one year high of $88.11. The company has a market capitalization of $21.60 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 4.14 and a beta of 1.31. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts anticipate that Hilton Hotels Co. will post 2.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio 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.
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