Tyers Asset Management LLC lifted its position in shares of Hilton Hotels Co. (NYSE:HLT) by 5.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,028 shares of the company’s stock after buying an additional 784 shares during the quarter. Tyers Asset Management LLC’s holdings in Hilton Hotels were worth $1,166,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in Hilton Hotels by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 21,281,978 shares of the company’s stock worth $1,719,158,000 after acquiring an additional 320,187 shares during the last quarter. BB&T Securities LLC grew its holdings in Hilton Hotels by 19.7% during the 4th quarter. BB&T Securities LLC now owns 7,782 shares of the company’s stock worth $558,000 after acquiring an additional 1,283 shares during the last quarter. Redpoint Investment Management Pty Ltd grew its holdings in Hilton Hotels by 36.2% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 6,730 shares of the company’s stock worth $483,000 after acquiring an additional 1,788 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Hilton Hotels by 3,751.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after acquiring an additional 2,406,698 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Hilton Hotels during the 4th quarter worth about $1,554,000. Institutional investors own 99.59% of the company’s stock.
A number of equities research analysts have commented on HLT shares. TheStreet lowered shares of Hilton Hotels from a “b-” rating to a “c” rating in a report on Monday, June 3rd. SunTrust Banks upped their target price on shares of Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Monday, February 18th. Wells Fargo & Co upped their target price on shares of Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, Argus upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.84.
Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Hilton Hotels Co. will post 3.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.64%. Hilton Hotels’s dividend payout ratio is 21.51%.
In related news, insider Ian Russell Carter sold 21,700 shares of the stock in a transaction that occurred 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 approximately $54,975,568.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
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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