State Board of Administration of Florida Retirement System Boosts Position in Hilton Hotels Co. (HLT)

State Board of Administration of Florida Retirement System boosted its holdings in Hilton Hotels Co. (NYSE:HLT) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 310,125 shares of the company’s stock after purchasing an additional 19,254 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Hilton Hotels worth $25,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLT. FMR LLC boosted its holdings in Hilton Hotels by 86.0% during the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after acquiring an additional 6,763,660 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Hilton Hotels by 36.7% in the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock worth $1,397,341,000 after buying an additional 4,740,303 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Hilton Hotels in the 2nd quarter worth about $235,006,000. Point72 Asset Management L.P. boosted its holdings in shares of Hilton Hotels by 406.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock worth $248,994,000 after buying an additional 2,524,952 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Hilton Hotels by 178.9% in the 2nd quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock worth $286,692,000 after buying an additional 2,323,300 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

HLT opened at $72.97 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 4.02 and a beta of 1.31. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $88.11.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Hilton Hotels Co. will post 2.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.82%. Hilton Hotels’s payout ratio is presently 30.00%.

A number of equities research analysts recently issued reports on the company. Berenberg Bank upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research raised Hilton Hotels from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Thursday, July 19th. Sanford C. Bernstein lowered Hilton Hotels from an “outperform” rating to a “market perform” rating in a report on Thursday, August 16th. ValuEngine lowered Hilton Hotels from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Longbow Research began coverage on Hilton Hotels in a report on Friday, September 7th. They set a “buy” rating and a $96.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $84.99.

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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, 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.

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

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