MRA Associates USA LLC purchased a new position in Hilton Hotels Co. (NYSE:HLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 380 shares of the company’s stock, valued at approximately $37,000.
Several other institutional investors have also recently made changes to their positions in HLT. Altshuler Shaham Ltd grew its position in Hilton Hotels by 1.4% during the second quarter. Altshuler Shaham Ltd now owns 57,537 shares of the company’s stock valued at $5,629,000 after acquiring an additional 813 shares during the last quarter. Enlightenment Research LLC grew its position in Hilton Hotels by 939.8% during the second quarter. Enlightenment Research LLC now owns 25,995 shares of the company’s stock valued at $2,261,000 after acquiring an additional 23,495 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Hilton Hotels during the second quarter valued at approximately $4,956,000. CIBC Asset Management Inc grew its position in Hilton Hotels by 0.7% during the second quarter. CIBC Asset Management Inc now owns 25,859 shares of the company’s stock valued at $2,527,000 after acquiring an additional 189 shares during the last quarter. Finally, EULAV Asset Management bought a new position in Hilton Hotels during the second quarter valued at approximately $1,368,000. 96.63% of the stock is currently owned by hedge funds and other institutional investors.
HLT stock traded down $1.06 on Friday, reaching $91.35. The company’s stock had a trading volume of 464,026 shares, compared to its average volume of 2,042,237. The business has a fifty day simple moving average of $96.00 and a two-hundred day simple moving average of $89.75. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $101.14. The firm has a market cap of $26.60 billion, a PE ratio of 32.74, a PEG ratio of 2.82 and a beta of 1.09. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Hilton Hotels Co. will post 3.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 8th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
HLT has been the topic of a number of recent research reports. Deutsche Bank reiterated a “hold” rating and set a $95.00 price target on shares of Hilton Hotels in a research report on Wednesday, July 24th. Argus raised their target price on shares of Hilton Hotels from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Morgan Stanley raised their target price on shares of Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. TheStreet cut shares of Hilton Hotels from a “b-” rating to a “c” rating in a report on Monday, June 3rd. Finally, ValuEngine cut shares of Hilton Hotels from a “buy” rating to a “hold” rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Hilton Hotels presently has an average rating of “Buy” and an average target price of $93.10.
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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