Seeyond decreased its position in Hilton Hotels Co. (NYSE:HLT) by 18.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,467 shares of the company’s stock after selling 978 shares during the period. Seeyond’s holdings in Hilton Hotels were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of HLT. Cookson Peirce & Co. Inc. purchased a new position in shares of Hilton Hotels during the 2nd quarter valued at about $25,262,000. First Hawaiian Bank raised its stake in shares of Hilton Hotels by 85.3% during the 2nd quarter. First Hawaiian Bank now owns 2,918 shares of the company’s stock valued at $285,000 after buying an additional 1,343 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Hilton Hotels during the 2nd quarter valued at about $2,012,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Hilton Hotels by 3.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 21,210 shares of the company’s stock valued at $2,051,000 after buying an additional 626 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Hilton Hotels by 3.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,979 shares of the company’s stock valued at $388,000 after buying an additional 148 shares during the last quarter. Institutional investors own 97.60% of the company’s stock.
Shares of NYSE:HLT traded up $1.28 during trading on Friday, reaching $96.05. 1,493,250 shares of the company’s stock traded hands, compared to its average volume of 1,490,521. Hilton Hotels Co. has a fifty-two week low of $63.76 and a fifty-two week high of $101.14. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 78.08. The firm has a market cap of $27.30 billion, a PE ratio of 34.43, a P/E/G ratio of 2.90 and a beta of 1.10. The company has a 50-day simple moving average of $93.72 and a 200-day simple moving average of $91.24.
Hilton Hotels (NYSE:HLT) last posted its earnings results on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm earned $0.70 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that Hilton Hotels Co. will post 3.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, August 8th. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.
A number of equities analysts have weighed in on HLT shares. Cleveland Research lowered Hilton Hotels from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. ValuEngine lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. SunTrust Banks lowered Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a research note on Tuesday, July 16th. TheStreet lowered Hilton Hotels from a “b-” rating to a “c” rating in a research note on Monday, June 3rd. Finally, Sanford C. Bernstein started coverage on Hilton Hotels in a research note on Wednesday. They set an “outperform” rating and a $108.00 price objective for the company. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Hilton Hotels has a consensus rating of “Buy” and an average target price of $93.65.
Hilton Hotels 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.
Featured Article: Operating Income
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Hotels Co. (NYSE:HLT).
Receive News & Ratings for Hilton Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Hotels and related companies with MarketBeat.com's FREE daily email newsletter.