Natixis Advisors L.P. decreased its holdings in Hilton Hotels Co. (NYSE:HLT) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 56,750 shares of the company’s stock after selling 4,214 shares during the quarter. Natixis Advisors L.P.’s holdings in Hilton Hotels were worth $4,073,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLT. Capital International Inc. CA lifted its position in shares of Hilton Hotels by 58.0% in the third quarter. Capital International Inc. CA now owns 79,101 shares of the company’s stock worth $6,390,000 after buying an additional 29,043 shares in the last quarter. Morgan Stanley lifted its position in shares of Hilton Hotels by 12.5% in the third quarter. Morgan Stanley now owns 1,119,363 shares of the company’s stock worth $90,422,000 after buying an additional 124,638 shares in the last quarter. Capital Guardian Trust Co. lifted its position in shares of Hilton Hotels by 5.9% in the third quarter. Capital Guardian Trust Co. now owns 1,087,908 shares of the company’s stock worth $87,881,000 after buying an additional 60,277 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Hilton Hotels by 47.9% in the third quarter. Marshall Wace North America L.P. now owns 128,712 shares of the company’s stock worth $10,397,000 after buying an additional 41,674 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Hilton Hotels by 6.6% during the third quarter. Thrivent Financial for Lutherans now owns 30,229 shares of the company’s stock valued at $2,442,000 after purchasing an additional 1,865 shares during the period. 99.75% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HLT opened at $85.76 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 13.02. Hilton Hotels Co. has a fifty-two week low of $63.76 and a fifty-two week high of $86.08. The company has a market capitalization of $25.11 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Hilton Hotels’s payout ratio is 21.51%.
In other news, insider Kevin J. Jacobs sold 53,023 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $81.30, for a total value of $4,310,769.90. Following the sale, the insider now directly owns 252,856 shares in the company, valued at $20,557,192.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.
A number of equities research analysts have issued reports on HLT shares. Zacks Investment Research downgraded Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. SunTrust Banks upped their price objective on Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Morgan Stanley set a $73.00 price objective on Hilton Hotels and gave the company a “hold” rating in a research report on Thursday, December 20th. Wells Fargo & Co upped their price objective on Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, ValuEngine downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Hilton Hotels presently has a consensus rating of “Buy” and a consensus target price of $86.45.
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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, Hilton Wen'an, and Hilton Grand Vacations brands.
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