Two Sigma Advisers LP grew its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 182.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,366,743 shares of the company’s stock after acquiring an additional 882,003 shares during the period. Two Sigma Advisers LP’s holdings in Hilton Hotels were worth $98,132,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of HLT. Flagship Harbor Advisors LLC boosted its holdings in Hilton Hotels by 100.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after purchasing an additional 233 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Hilton Hotels by 3,751.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after purchasing an additional 2,406,698 shares in the last quarter. Lindbrook Capital LLC bought a new stake in Hilton Hotels in the fourth quarter worth $37,000. We Are One Seven LLC bought a new stake in Hilton Hotels in the fourth quarter worth $55,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Hilton Hotels by 135.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 782 shares of the company’s stock worth $56,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.
HLT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Hilton Hotels from a “hold” rating to a “sell” rating in a report on Friday, January 11th. SunTrust Banks upped their price objective on shares of Hilton Hotels to $99.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Morgan Stanley set a $73.00 price objective on shares of Hilton Hotels and gave the stock a “hold” rating in a report on Thursday, December 20th. Wells Fargo & Co upped their price objective on shares of Hilton Hotels from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Finally, ValuEngine cut shares of Hilton Hotels from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.45.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $0.79 EPS for the quarter, beating 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 firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts expect that Hilton Hotels Co. will post 3.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, February 28th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
In other news, insider Kevin J. Jacobs sold 53,023 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $81.30, for a total transaction of $4,310,769.90. Following the completion of the transaction, the insider now owns 252,856 shares of the company’s stock, valued at $20,557,192.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
Hilton Hotels Company 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, 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.
Featured Article: Current Ratio
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Hotels Co. (NYSE:HLT).
Receive News & Ratings for Hilton Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Hotels and related companies with MarketBeat.com's FREE daily email newsletter.