Hilton Hotels Co. (HLT) Stake Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,450 shares of the company’s stock after selling 9,655 shares during the quarter. Baird Financial Group Inc.’s holdings in Hilton Hotels were worth $3,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Hilton Hotels by 17.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,476 shares of the company’s stock worth $1,089,000 after purchasing an additional 1,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hilton Hotels by 24.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 940,030 shares of the company’s stock worth $75,943,000 after purchasing an additional 187,497 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Hilton Hotels by 26.5% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 27,200 shares of the company’s stock worth $2,197,000 after purchasing an additional 5,700 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Hilton Hotels in the 3rd quarter worth $904,000. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Hilton Hotels by 11.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 631,081 shares of the company’s stock worth $51,024,000 after purchasing an additional 62,940 shares in the last quarter. 96.62% of the stock is owned by institutional investors.

HLT has been the topic of a number of recent research reports. Robert W. Baird set a $88.00 target price on Hilton Hotels and gave the stock a “buy” rating in a report on Friday, October 19th. Argus cut Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. Longbow Research assumed coverage on Hilton Hotels in a research note on Friday, September 7th. They set a “buy” rating and a $96.00 price objective on the stock. Zacks Investment Research upgraded Hilton Hotels from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Royal Bank of Canada dropped their price objective on Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $85.28.

Shares of NYSE:HLT opened at $72.86 on Friday. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 4.27 and a beta of 1.32. Hilton Hotels Co. has a 1-year low of $63.76 and a 1-year high of $88.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03.

Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. As a group, sell-side analysts forecast that Hilton Hotels Co. will post 2.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th 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 0.82%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s payout ratio is 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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Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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