Hilton Hotels Co. (HLT) Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 787,704 shares of the company’s stock after purchasing an additional 13,176 shares during the period. Victory Capital Management Inc.’s holdings in Hilton Hotels were worth $63,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Hilton Hotels by 24.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock valued at $435,687,000 after purchasing an additional 1,077,659 shares during the period. Royal Bank of Canada increased its position in shares of Hilton Hotels by 20.2% during the 1st quarter. Royal Bank of Canada now owns 109,177 shares of the company’s stock valued at $8,599,000 after purchasing an additional 18,338 shares during the period. DnB Asset Management AS acquired a new position in shares of Hilton Hotels during the 2nd quarter valued at $2,620,000. IFM Investors Pty Ltd increased its position in shares of Hilton Hotels by 105.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 12,843 shares of the company’s stock valued at $1,017,000 after purchasing an additional 6,577 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Hilton Hotels by 51.1% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,433 shares of the company’s stock valued at $351,000 after purchasing an additional 1,500 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HLT opened at $70.59 on Wednesday. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $21.60 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.14 and a beta of 1.31. Hilton Hotels Co. has a 52-week low of $63.76 and a 52-week high of $88.11.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. As a group, research analysts expect that Hilton Hotels Co. will post 2.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s payout ratio is 30.00%.

HLT has been the topic of several research analyst reports. Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Cowen initiated coverage on Hilton Hotels in a research report on Monday, October 22nd. They set an “outperform” rating and a $81.00 price target on the stock. Sanford C. Bernstein cut Hilton Hotels from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 16th. Finally, Bank of America lowered their price target on Hilton Hotels from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.99.

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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, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

Further Reading: Do You Need a Fiduciary?

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Hotels Co. (NYSE:HLT).

Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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