Natixis Advisors L.P. Increases Holdings in Hilton Hotels Co. (NYSE:HLT)
Natixis Advisors L.P. grew its position in shares of Hilton Hotels Co. (NYSE:HLT) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,548 shares of the company’s stock after buying an additional 6,728 shares during the quarter. Natixis Advisors L.P.’s holdings in Hilton Hotels were worth $7,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Hilton Hotels by 76.0% during the first quarter. FMR LLC now owns 3,215,826 shares of the company’s stock valued at $267,268,000 after acquiring an additional 1,388,629 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in Hilton Hotels in the second quarter worth about $76,195,000. Renaissance Technologies LLC grew its stake in shares of Hilton Hotels by 700.6% during the 2nd quarter. Renaissance Technologies LLC now owns 766,200 shares of the company’s stock valued at $74,888,000 after purchasing an additional 670,500 shares during the period. Principal Financial Group Inc. grew its stake in shares of Hilton Hotels by 6.8% during the 1st quarter. Principal Financial Group Inc. now owns 10,464,989 shares of the company’s stock valued at $869,747,000 after purchasing an additional 667,995 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Hilton Hotels by 85.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,175,609 shares of the company’s stock valued at $114,904,000 after purchasing an additional 540,216 shares during the period. 97.60% of the stock is currently owned by hedge funds and other institutional investors.
HLT has been the topic of several recent research reports. Cleveland Research cut shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Citigroup boosted their target price on shares of Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Morgan Stanley upped their target price on shares of Hilton Hotels from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, Raymond James lifted their price target on shares of Hilton Hotels from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Hilton Hotels 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 Thomson Reuters’ consensus estimate of $1.01 by $0.05. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. On average, research analysts forecast that Hilton Hotels Co. will post 3.86 EPS 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. The ex-dividend date is Thursday, August 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.63%. Hilton Hotels’s payout ratio is 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, 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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