World Asset Management Inc increased its stake in Hilton Hotels Co. (NYSE:HLT) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,357 shares of the company’s stock after acquiring an additional 500 shares during the period. World Asset Management Inc’s holdings in Hilton Hotels were worth $1,990,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Lenox Wealth Management Inc. purchased a new stake in Hilton Hotels during the second quarter valued at about $28,000. Advisors Preferred LLC purchased a new stake in Hilton Hotels during the first quarter valued at about $26,000. Anderson Fisher LLC purchased a new stake in Hilton Hotels during the first quarter valued at about $26,000. Carroll Financial Associates Inc. boosted its position in Hilton Hotels by 122.4% during the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock valued at $31,000 after buying an additional 175 shares during the period. Finally, Weaver Consulting Group purchased a new stake in Hilton Hotels during the first quarter valued at about $31,000. Institutional investors own 99.47% of the company’s stock.
Shares of NYSE:HLT traded down $0.46 during trading on Wednesday, reaching $96.85. 1,558,208 shares of the stock traded hands, compared to its average volume of 2,216,382. The firm’s 50-day moving average price is $96.87. Hilton Hotels Co. has a 52-week low of $63.76 and a 52-week high of $101.14. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $27.89 billion, a PE ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, August 8th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
Several equities analysts have recently commented on HLT shares. TheStreet downgraded shares of Hilton Hotels from a “b-” rating to a “c” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. downgraded shares of Hilton Hotels from an “overweight” rating to a “neutral” rating and set a $102.00 price objective for the company. in a research note on Tuesday, July 9th. SunTrust Banks downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a research note on Tuesday, July 16th. Argus upped their price objective on shares of Hilton Hotels from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, ValuEngine raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.10.
In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total value of $2,006,816.00. Following the transaction, the insider now directly owns 594,459 shares in the company, valued at $54,975,568.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.
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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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