Comerica Bank increased its holdings in Hilton Hotels Co. (NYSE:HLT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,055 shares of the company’s stock after buying an additional 567 shares during the period. Comerica Bank’s holdings in Hilton Hotels were worth $6,304,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Hilton Hotels by 15.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 23,233,493 shares of the company’s stock worth $2,270,842,000 after buying an additional 3,174,048 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hilton Hotels by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 21,712,911 shares of the company’s stock worth $2,122,219,000 after buying an additional 160,990 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hilton Hotels by 3.0% in the 2nd quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after buying an additional 544,547 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Hilton Hotels by 11.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after buying an additional 485,682 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Hilton Hotels by 1,101.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,348,802 shares of the company’s stock worth $229,572,000 after buying an additional 2,153,226 shares in the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.
NYSE HLT 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 50-day moving average of $94.05 and a 200-day moving average of $93.66. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $27.65 billion, a P/E ratio of 35.69, a P/E/G ratio of 3.16 and a beta of 1.10.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hilton Hotels Co. will post 3.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 8th 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 0.60%. The ex-dividend date of this dividend is Thursday, November 7th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
HLT has been the topic of a number of recent research reports. Cleveland Research lowered shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Nomura reduced their target price on shares of Hilton Hotels from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein initiated coverage on shares of Hilton Hotels in a report on Wednesday, September 11th. They issued an “outperform” rating and a $108.00 target price on the stock. SunTrust Banks lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, July 16th. Finally, Citigroup upped their target price on shares of Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.65.
Hilton Hotels Company 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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