Meiji Yasuda Life Insurance Co increased its stake in Hilton Hotels Co. (NYSE:HLT) by 26.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,200 shares of the company’s stock after purchasing an additional 5,700 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Hilton Hotels were worth $2,197,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its position in Hilton Hotels by 5.1% during the third quarter. BlackRock Inc. now owns 18,548,391 shares of the company’s stock worth $1,498,340,000 after buying an additional 896,262 shares in the last quarter. FMR LLC grew its position in Hilton Hotels by 86.0% during the second quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after buying an additional 6,763,660 shares in the last quarter. Vulcan Value Partners LLC grew its position in Hilton Hotels by 3.3% during the second quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock worth $389,065,000 after buying an additional 156,544 shares in the last quarter. Putnam Investments LLC grew its position in Hilton Hotels by 16.4% during the second quarter. Putnam Investments LLC now owns 4,096,552 shares of the company’s stock worth $324,283,000 after buying an additional 578,425 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Hilton Hotels by 178.9% during the second 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 in the last quarter. Institutional investors own 95.27% of the company’s stock.
HLT opened at $73.12 on Monday. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $88.11. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $21.69 billion, a PE ratio of 36.56, a PEG ratio of 4.16 and a beta of 1.31.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.
Several equities analysts recently commented on the company. Longbow Research assumed coverage on Hilton Hotels in a research report on Friday, September 7th. They set a “buy” rating and a $96.00 target price for the company. ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Cowen initiated coverage on Hilton Hotels in a research report on Monday, October 22nd. They set an “outperform” rating and a $81.00 target price for the company. Raymond James cut their price objective on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a report on Thursday, October 25th. Finally, B. Riley upgraded Hilton Hotels from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $91.00 to $85.00 in a report on Thursday, October 25th. 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. Hilton Hotels currently has a consensus rating of “Buy” and a consensus target price of $85.28.
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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.
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