Long Pond Capital LP reduced its position in Hilton Hotels Co. (NYSE:HLT) by 60.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,095,980 shares of the company’s stock after selling 1,667,311 shares during the quarter. Hilton Hotels comprises approximately 3.2% of Long Pond Capital LP’s investment portfolio, making the stock its 8th biggest holding. Long Pond Capital LP’s holdings in Hilton Hotels were worth $107,121,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. purchased a new position in Hilton Hotels in the second quarter worth $28,000. Anderson Fisher LLC purchased a new position in Hilton Hotels in the first quarter worth $26,000. Carroll Financial Associates Inc. grew its holdings in Hilton Hotels by 122.4% in the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. Weaver Consulting Group purchased a new position in Hilton Hotels in the first quarter worth $31,000. Finally, MRA Associates USA LLC purchased a new position in Hilton Hotels in the second quarter worth $37,000. 97.60% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Macquarie lowered shares of Hilton Hotels from an “outperform” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a report on Tuesday, September 3rd. Cleveland Research lowered shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Citigroup boosted their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hilton Hotels currently has an average rating of “Buy” and a consensus price target of $93.65.
NYSE HLT opened at $95.42 on Friday. The company has a market capitalization of $26.84 billion, a PE ratio of 34.20, a P/E/G ratio of 2.85 and a beta of 1.10. The company has a fifty day moving average of $93.69 and a 200 day moving average of $91.18. Hilton Hotels Co. has a 1 year low of $63.76 and a 1 year high of $101.14. 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 earnings results on Wednesday, July 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. Research analysts expect that Hilton Hotels Co. will post 3.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.63%. Hilton Hotels’s dividend payout ratio is presently 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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