First Trust Advisors LP trimmed its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,962 shares of the company’s stock after selling 3,902 shares during the quarter. First Trust Advisors LP’s holdings in Hilton Hotels were worth $4,734,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new stake in Hilton Hotels in the first quarter valued at about $26,000. Oregon Public Employees Retirement Fund increased its stake in Hilton Hotels by 3,751.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock valued at $34,000 after acquiring an additional 2,406,698 shares during the period. Lindbrook Capital LLC bought a new stake in Hilton Hotels during the fourth quarter worth about $37,000. Liberty Wealth Management LLC bought a new stake in Hilton Hotels during the first quarter worth about $37,000. Finally, Rational Advisors LLC bought a new stake in Hilton Hotels during the first quarter worth about $38,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HLT opened at $93.93 on Wednesday. Hilton Hotels Co. has a fifty-two week low of $63.76 and a fifty-two week high of $94.82. The company has a market capitalization of $27.08 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.74 and a beta of 1.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 78.08.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business posted $0.69 earnings per share. Hilton Hotels’s revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Hilton Hotels Co. will post 3.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.64%. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.
Several analysts have weighed in on the stock. TheStreet cut shares of Hilton Hotels from a “b-” rating to a “c” rating in a research note on Monday, June 3rd. Zacks Investment Research cut shares of Hilton Hotels from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. Raymond James cut shares of Hilton Hotels from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $92.00 to $102.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. Deutsche Bank cut shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price objective on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Argus upped their price objective on shares of Hilton Hotels from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $90.84.
In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total value of $2,006,816.00. Following the sale, the insider now directly owns 594,459 shares in the company, valued at $54,975,568.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
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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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