Hilton Hotels Co. (HLT) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 100.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,920 shares of the company’s stock after buying an additional 1,460 shares during the period. Chicago Partners Investment Group LLC’s holdings in Hilton Hotels were worth $200,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HLT. Nisa Investment Advisors LLC bought a new position in shares of Hilton Hotels during the 2nd quarter worth approximately $142,000. First Hawaiian Bank bought a new position in shares of Hilton Hotels during the 3rd quarter worth approximately $152,000. Cerebellum GP LLC bought a new position in shares of Hilton Hotels during the 3rd quarter worth approximately $187,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Hilton Hotels by 117.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the company’s stock worth $210,000 after buying an additional 1,408 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Hilton Hotels during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Shares of HLT opened at $71.16 on Friday. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $88.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. The firm has a market capitalization of $21.64 billion, a P/E ratio of 28.50, a PEG ratio of 4.15 and a beta of 1.31.

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 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 company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business earned $0.56 EPS. Hilton Hotels’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hilton Hotels Co. will post 2.7 earnings per share for the current fiscal year.

The company 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 0.84%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio is currently 30.00%.

A number of equities analysts have issued reports on the company. Robert W. Baird set a $84.00 price target on Hilton Hotels and gave the stock a “buy” rating in a report on Thursday, October 25th. Argus cut Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Raymond James cut their price target on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 25th. Morgan Stanley set a $75.00 price target on Hilton Hotels and gave the stock a “hold” rating in a report on Thursday, October 25th. Finally, Evercore ISI upgraded Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 price target on the stock in a report on Friday, October 26th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Hilton Hotels has an average rating of “Buy” and an average target price of $84.99.

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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, 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: How can you know how many shares are floating?

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

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