Hilton Hotels Co. (HLT) Holdings Lifted by CSat Investment Advisory L.P.
CSat Investment Advisory L.P. grew its position in Hilton Hotels Co. (NYSE:HLT) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,628 shares of the company’s stock after buying an additional 1,475 shares during the period. CSat Investment Advisory L.P.’s holdings in Hilton Hotels were worth $978,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Harris Associates L P raised its holdings in shares of Hilton Hotels by 86.7% during the fourth quarter. Harris Associates L P now owns 13,199,591 shares of the company’s stock valued at $947,731,000 after purchasing an additional 6,127,890 shares during the last quarter. Cipher Capital LP purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $1,289,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $572,000. Gotham Asset Management LLC raised its holdings in shares of Hilton Hotels by 65.7% during the fourth quarter. Gotham Asset Management LLC now owns 82,268 shares of the company’s stock valued at $5,907,000 after purchasing an additional 32,606 shares during the last quarter. Finally, Impax Asset Management Group plc bought a new stake in Hilton Hotels during the fourth quarter valued at approximately $279,000. 99.76% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on HLT shares. Zacks Investment Research upgraded shares of Hilton Hotels from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Morgan Stanley set a $73.00 target price on shares of Hilton Hotels and gave the company a “hold” rating in a research report on Thursday, December 20th. Argus upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, March 14th. ValuEngine lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Finally, SunTrust Banks boosted their target price on shares of Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $86.45.
HLT opened at $84.92 on Thursday. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.60 and a beta of 1.18. Hilton Hotels Co. has a 1-year low of $63.76 and a 1-year high of $87.09. The company has a debt-to-equity ratio of 13.02, a current ratio of 0.76 and a quick ratio of 0.76.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.26 billion. Hilton Hotels had a net margin of 8.58% and a return on equity of 98.93%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Equities research analysts anticipate that Hilton Hotels Co. will post 3.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. Hilton Hotels’s payout ratio is currently 21.51%.
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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