Capital International Sarl grew its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,932 shares of the company’s stock after acquiring an additional 5,127 shares during the period. Capital International Sarl’s holdings in Hilton Hotels were worth $7,202,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of HLT. Huntington National Bank acquired a new position in shares of Hilton Hotels during the 4th quarter worth approximately $26,000. Simon Quick Advisors LLC purchased a new stake in shares of Hilton Hotels during the 4th quarter valued at $49,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Hilton Hotels during the 4th quarter valued at $51,000. Allred Capital Management LLC purchased a new stake in shares of Hilton Hotels during the 4th quarter valued at $64,000. Finally, Parallel Advisors LLC grew its stake in shares of Hilton Hotels by 16.0% during the 4th quarter. Parallel Advisors LLC now owns 739 shares of the company’s stock valued at $82,000 after buying an additional 102 shares during the period. Institutional investors own 98.88% of the company’s stock.
HLT has been the subject of several research reports. Deutsche Bank reissued a “hold” rating and set a $103.00 price objective on shares of Hilton Hotels in a research note on Sunday, February 16th. Morgan Stanley boosted their price objective on shares of Hilton Hotels from $108.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. BMO Capital Markets cut shares of Hilton Hotels from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 18th. Raymond James reissued a “market perform” rating and set a $88.00 price objective (down from $124.00) on shares of Hilton Hotels in a research note on Thursday, March 12th. Finally, SunTrust Banks boosted their price objective on shares of Hilton Hotels to $107.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Hilton Hotels currently has an average rating of “Hold” and an average price target of $99.93.
HLT stock traded up $2.54 during trading on Thursday, reaching $74.79. The stock had a trading volume of 3,413,102 shares, compared to its average volume of 8,979,074. Hilton Hotels Co. has a 1-year low of $44.30 and a 1-year high of $115.48. The company has a market capitalization of $19.25 billion, a P/E ratio of 24.60, a PEG ratio of 1.81 and a beta of 1.13. The firm has a fifty day moving average price of $94.29 and a 200 day moving average price of $99.82.
Hilton Hotels (NYSE:HLT) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Hilton Hotels had a net margin of 9.32% and a negative return on equity of 770.65%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Hilton Hotels Co. will post 4.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. Hilton Hotels’s dividend payout ratio is currently 15.38%.
Hilton Hotels announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 3rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Hilton Hotels news, insider Jonathan W. Witter sold 35,325 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $113.32, for a total value of $4,003,029.00. Following the transaction, the insider now owns 129,897 shares in the company, valued at approximately $14,719,928.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.
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.
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