Putnam Investments LLC lowered its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,429,995 shares of the company’s stock after selling 14,455 shares during the quarter. Hilton Hotels makes up 0.7% of Putnam Investments LLC’s portfolio, making the stock its 28th biggest holding. Putnam Investments LLC owned approximately 1.20% of Hilton Hotels worth $335,248,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in HLT. Anderson Fisher LLC purchased a new position in Hilton Hotels during the 1st quarter valued at approximately $26,000. Lenox Wealth Management Inc. purchased a new position in Hilton Hotels during the 2nd quarter valued at approximately $28,000. Weaver Consulting Group purchased a new position in Hilton Hotels during the 1st quarter valued at approximately $31,000. Carroll Financial Associates Inc. grew its holdings in Hilton Hotels by 122.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. Finally, MRA Associates USA LLC purchased a new position in Hilton Hotels during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 97.50% of the company’s stock.
Several research firms have weighed in on HLT. Morgan Stanley raised their price target on Hilton Hotels from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. SunTrust Banks cut Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a report on Tuesday, July 16th. Cleveland Research cut Hilton Hotels from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. cut their price target on Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Finally, Citigroup raised their price target on Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hilton Hotels currently has a consensus rating of “Buy” and a consensus price target of $93.65.
Shares of NYSE:HLT traded up $1.17 during trading on Tuesday, hitting $94.83. The company had a trading volume of 34,096 shares, compared to its average volume of 1,456,915. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. Hilton Hotels Co. has a one year low of $63.76 and a one year high of $101.14. The company has a fifty day simple moving average of $93.63 and a two-hundred day simple moving average of $91.41. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.80 and a quick ratio of 0.80.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.05. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. On average, equities research analysts anticipate that Hilton Hotels Co. will post 3.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 9th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 8th. Hilton Hotels’s payout ratio is 21.51%.
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.
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