Kinneret Advisory LLC purchased a new stake in Hilton Hotels Co. (NYSE:HLT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,137 shares of the company’s stock, valued at approximately $225,000.
Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC increased its holdings in Hilton Hotels by 100.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock valued at $33,000 after buying an additional 233 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Hilton Hotels by 3,751.4% in the 4th 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 during the last quarter. Lindbrook Capital LLC bought a new stake in shares of Hilton Hotels in the 4th quarter worth about $37,000. We Are One Seven LLC bought a new stake in shares of Hilton Hotels in the 4th quarter worth about $55,000. Finally, Exane Derivatives grew its holdings in shares of Hilton Hotels by 141.0% in the 4th quarter. Exane Derivatives now owns 976 shares of the company’s stock worth $70,000 after purchasing an additional 571 shares during the last quarter. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HLT opened at $85.00 on Friday. Hilton Hotels Co. has a 12 month low of $63.76 and a 12 month high of $85.87. The company has a debt-to-equity ratio of 13.02, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $24.43 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 2.57 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, February 28th. Hilton Hotels’s dividend payout ratio is currently 21.51%.
In other Hilton Hotels news, insider Kevin J. Jacobs sold 53,023 shares of the 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 sale, the insider now owns 252,856 shares of the company’s stock, valued at approximately $20,557,192.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the stock. Argus raised shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Thursday. Zacks Investment Research raised shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Monday, February 18th. Royal Bank of Canada upped their target price on shares of Hilton Hotels from $84.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Wells Fargo & Co upped their target price 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, SunTrust Banks upped their target price on shares of Hilton Hotels to $99.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Hilton Hotels currently has an average rating of “Buy” and a consensus price target of $86.45.
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, Hilton Wen'an, and Hilton Grand Vacations brands.
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