Great Lakes Advisors LLC lowered its position in Hilton Hotels Co. (NYSE:HLT) by 88.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,496 shares of the company’s stock after selling 20,042 shares during the period. Great Lakes Advisors LLC’s holdings in Hilton Hotels were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Lenox Wealth Management Inc. bought a new stake in shares of Hilton Hotels in the 2nd quarter worth approximately $28,000. Usca Ria LLC bought a new stake in shares of Hilton Hotels in the 3rd quarter worth approximately $27,000. Carroll Financial Associates Inc. lifted its position in shares of Hilton Hotels by 122.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after acquiring an additional 175 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of Hilton Hotels in the 3rd quarter worth approximately $34,000. Finally, MRA Associates USA LLC bought a new stake in shares of Hilton Hotels in the 2nd quarter worth approximately $37,000. Institutional investors own 95.87% of the company’s stock.
A number of analysts have commented on the company. Barclays raised their price objective on Hilton Hotels from $97.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Macquarie downgraded Hilton Hotels from an “outperform” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research report on Tuesday, September 3rd. ValuEngine downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price objective on Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $99.65.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Hilton Hotels Co. will post 3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.60%. Hilton Hotels’s dividend payout ratio is 21.51%.
Hilton Hotels 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, 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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