OZ Management LP Has $296 Million Stake in Hilton Hotels Co. (HLT)

OZ Management LP lowered its position in Hilton Hotels Co. (NYSE:HLT) by 55.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,664,307 shares of the company’s stock after selling 4,631,769 shares during the period. Hilton Hotels accounts for 1.6% of OZ Management LP’s portfolio, making the stock its 7th largest holding. OZ Management LP owned about 1.24% of Hilton Hotels worth $296,003,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLT. Ancora Advisors LLC acquired a new stake in shares of Hilton Hotels in the third quarter valued at approximately $114,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hilton Hotels in the second quarter valued at approximately $142,000. First Hawaiian Bank acquired a new stake in shares of Hilton Hotels in the third quarter valued at approximately $152,000. Cerebellum GP LLC acquired a new stake in shares of Hilton Hotels in the third quarter valued at approximately $187,000. Finally, MML Investors Services LLC acquired a new stake in shares of Hilton Hotels in the third quarter valued at approximately $202,000. Institutional investors own 96.62% of the company’s stock.

HLT opened at $75.15 on Wednesday. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.84. Hilton Hotels Co. has a 52 week low of $63.76 and a 52 week high of $88.11. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 4.44 and a beta of 1.32.

Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Hilton Hotels Co. will post 2.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 8th. Hilton Hotels’s dividend payout ratio is presently 30.00%.

A number of analysts recently weighed in on HLT shares. Robert W. Baird set a $84.00 price target on shares of Hilton Hotels and gave the company a “buy” rating in a report on Thursday, October 25th. Bank of America lowered their price target on shares of Hilton Hotels from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, October 25th. B. Riley raised shares of Hilton Hotels from a “neutral” rating to a “buy” rating and lowered their price target for the company from $91.00 to $85.00 in a report on Thursday, October 25th. ValuEngine raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Finally, Longbow Research started coverage on shares of Hilton Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $96.00 price target for the company. 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 company. The company currently has an average rating of “Buy” and a consensus target price of $85.28.

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

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