21,340 Shares in Hilton Hotels Co. (HLT) Purchased by Marshall Wace LLP
Marshall Wace LLP bought a new stake in Hilton Hotels Co. (NYSE:HLT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,340 shares of the company’s stock, valued at approximately $1,689,000.
A number of other large investors have also bought and sold shares of the business. FMR LLC raised its holdings in shares of Hilton Hotels by 86.0% in the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after buying an additional 6,763,660 shares during the period. BlackRock Inc. raised its holdings in shares of Hilton Hotels by 36.7% in the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock valued at $1,397,341,000 after buying an additional 4,740,303 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hilton Hotels in the 2nd quarter valued at $235,006,000. Point72 Asset Management L.P. raised its holdings in shares of Hilton Hotels by 406.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock valued at $248,994,000 after buying an additional 2,524,952 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Hilton Hotels by 178.9% in the 2nd quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock valued at $286,692,000 after buying an additional 2,323,300 shares during the period. Institutional investors own 97.77% of the company’s stock.
HLT has been the topic of several research analyst reports. Sanford C. Bernstein downgraded Hilton Hotels from an “outperform” rating to a “market perform” rating in a report on Thursday, August 16th. Zacks Investment Research downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Berenberg Bank upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Longbow Research initiated coverage on Hilton Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $96.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.88.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Hilton Hotels had a return on equity of 50.91% and a net margin of 15.53%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities research analysts predict that Hilton Hotels Co. will post 2.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. Hilton Hotels’s dividend payout ratio is currently 30.00%.
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, and Hilton Grand Vacations brands.
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