Vanguard Group Inc. increased its position in shares of Hilton Hotels Co. (NYSE:HLT) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,712,911 shares of the company’s stock after acquiring an additional 160,990 shares during the period. Vanguard Group Inc. owned 0.08% of Hilton Hotels worth $2,122,219,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Hilton Hotels by 3.0% during the second quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after purchasing an additional 544,547 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hilton Hotels by 6.8% during the first quarter. Principal Financial Group Inc. now owns 10,464,989 shares of the company’s stock worth $869,747,000 after purchasing an additional 667,995 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Hilton Hotels by 11.8% during the second quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after purchasing an additional 485,682 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hilton Hotels by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 3,652,295 shares of the company’s stock worth $261,758,000 after purchasing an additional 214,034 shares during the last quarter. Finally, FMR LLC raised its holdings in Hilton Hotels by 76.0% during the first quarter. FMR LLC now owns 3,215,826 shares of the company’s stock worth $267,268,000 after purchasing an additional 1,388,629 shares during the last quarter. 97.50% of the stock is owned by hedge funds and other institutional investors.
HLT has been the subject of several recent research reports. Morgan Stanley raised their price target on Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Sanford C. Bernstein initiated coverage on Hilton Hotels in a research report on Wednesday, September 11th. They set an “outperform” rating and a $108.00 price target for the company. Raymond James raised their price target on Hilton Hotels from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Citigroup raised their price target on Hilton Hotels from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. dropped their price target on Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $93.65.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Sell-side analysts anticipate that Hilton Hotels Co. will post 3.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 9th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, August 8th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
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, 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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