Chicago Equity Partners LLC Cuts Position in Hilton Hotels Co. (NYSE:HLT)

Chicago Equity Partners LLC lessened its holdings in Hilton Hotels Co. (NYSE:HLT) by 10.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,925 shares of the company’s stock after selling 715 shares during the quarter. Chicago Equity Partners LLC’s holdings in Hilton Hotels were worth $552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commerce Bank grew its holdings in Hilton Hotels by 21.6% in the second quarter. Commerce Bank now owns 8,631 shares of the company’s stock worth $843,000 after purchasing an additional 1,535 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in shares of Hilton Hotels during the second quarter valued at approximately $25,262,000. First Hawaiian Bank grew its holdings in shares of Hilton Hotels by 85.3% during the second 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 stake in shares of Hilton Hotels during the second quarter valued at approximately $2,012,000. Finally, Natixis grew its holdings in shares of Hilton Hotels by 79.4% during the second quarter. Natixis now owns 274,980 shares of the company’s stock valued at $26,877,000 after buying an additional 121,711 shares during the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.

Shares of HLT stock opened at $99.57 on Thursday. Hilton Hotels Co. has a 12-month low of $65.64 and a 12-month high of $101.14. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 78.08. The firm’s 50 day moving average is $94.05 and its 200 day moving average is $93.66. The stock has a market capitalization of $27.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.16 and a beta of 1.10.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Hilton Hotels had a net margin of 9.92% and a return on equity of 972.97%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Hilton Hotels Co. will post 3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, November 7th. Hilton Hotels’s dividend payout ratio is currently 21.51%.

A number of equities research analysts have recently commented on HLT shares. Morgan Stanley increased their price target on shares of 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 shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a report on Tuesday, July 16th. Raymond James increased their price target on shares of Hilton Hotels from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Deutsche Bank cut their price target on shares of Hilton Hotels from $95.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Finally, BMO Capital Markets started coverage on shares of Hilton Hotels in a report on Wednesday, October 16th. They set an “outperform” rating and a $104.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.65.

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, 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.

Read More: What is a bull market?

Institutional Ownership by Quarter for Hilton Hotels (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.