Hilton Hotels Co. (NYSE:HLT) Sees Significant Drop in Short Interest

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Hilton Hotels Co. (NYSE:HLT) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 4,343,700 shares, a decrease of 22.9% from the June 30th total of 5,632,400 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,080,000 shares, the short-interest ratio is currently 2.1 days.

A number of large investors have recently modified their holdings of the business. 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 acquiring an additional 667,995 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Hilton Hotels by 11.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after acquiring an additional 485,682 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hilton Hotels by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 3,652,295 shares of the company’s stock worth $261,758,000 after acquiring an additional 214,034 shares in the last quarter. FMR LLC raised its holdings in shares of Hilton Hotels by 76.0% during the 1st quarter. FMR LLC now owns 3,215,826 shares of the company’s stock worth $267,268,000 after acquiring an additional 1,388,629 shares in the last quarter. Finally, Pelham Capital Ltd. raised its holdings in shares of Hilton Hotels by 11.7% during the 1st quarter. Pelham Capital Ltd. now owns 2,584,410 shares of the company’s stock worth $214,790,000 after acquiring an additional 270,000 shares in the last quarter. 96.59% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on HLT shares. Berenberg Bank downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and upped their price objective for the stock from $83.00 to $94.00 in a report on Monday, May 13th. Cleveland Research downgraded shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Deutsche Bank reiterated a “hold” rating and issued a $95.00 target price on shares of Hilton Hotels in a report on Wednesday, July 24th. JPMorgan Chase & Co. downgraded shares of Hilton Hotels from an “overweight” rating to a “neutral” rating and set a $102.00 target price for the company. in a report on Tuesday, July 9th. Finally, Argus increased their target price on shares of Hilton Hotels from $96.00 to $105.00 and gave the company a “buy” rating in a report on Monday, May 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.10.

NYSE:HLT traded up $1.38 on Tuesday, reaching $95.26. 1,317,041 shares of the company’s stock were exchanged, compared to its average volume of 2,427,299. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.91 and a beta of 1.09. Hilton Hotels has a 52 week low of $63.76 and a 52 week high of $101.14. The company has a fifty day moving average of $96.85.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, July 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. On average, equities analysts predict that Hilton Hotels will post 3.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 9th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 8th. Hilton Hotels’s dividend payout ratio (DPR) 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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