San Francisco Sentry Investment Group CA increased its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,788 shares of the company’s stock after buying an additional 220 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Hilton Hotels were worth $166,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Commerce Bank boosted its position in Hilton Hotels by 21.6% in the second quarter. Commerce Bank now owns 8,631 shares of the company’s stock worth $843,000 after purchasing an additional 1,535 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Hilton Hotels in the second quarter worth $25,262,000. First Hawaiian Bank boosted its position in Hilton Hotels by 85.3% in the second quarter. First Hawaiian Bank now owns 2,918 shares of the company’s stock worth $285,000 after purchasing an additional 1,343 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Hilton Hotels in the second quarter worth $2,012,000. Finally, Natixis boosted its position in Hilton Hotels by 79.4% in the second quarter. Natixis now owns 274,980 shares of the company’s stock worth $26,877,000 after purchasing an additional 121,711 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.
Several research analysts have weighed in on the company. Raymond James boosted their price objective on Hilton Hotels from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets assumed coverage on Hilton Hotels in a research report on Wednesday. They issued an “outperform” rating and a $104.00 price objective on the stock. Cleveland Research cut Hilton Hotels from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Macquarie cut Hilton Hotels from an “outperform” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research report on Tuesday, September 3rd. Finally, Zacks Investment Research raised Hilton Hotels from a “sell” rating to a “hold” rating and set a $97.00 price target on the stock in a research report on Friday, October 4th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $94.09.
Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Hilton Hotels Co. will post 3.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 9th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.66%. Hilton Hotels’s dividend payout ratio (DPR) is 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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