Toronto Dominion Bank trimmed its position in shares of Hilton Hotels Co. (NYSE:HLT) by 15.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 211,389 shares of the company’s stock after selling 39,308 shares during the quarter. Toronto Dominion Bank’s holdings in Hilton Hotels were worth $17,564,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Advisors Preferred LLC bought a new position in Hilton Hotels during the 1st quarter valued at about $26,000. Flagship Harbor Advisors LLC lifted its stake in shares of Hilton Hotels by 100.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after purchasing an additional 233 shares during the period. Oregon Public Employees Retirement Fund lifted its stake 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 period. Lindbrook Capital LLC bought a new position in shares of Hilton Hotels in the 4th quarter worth approximately $37,000. Finally, Liberty Wealth Management LLC bought a new position in shares of Hilton Hotels in the 1st quarter worth approximately $37,000. 96.59% of the stock is currently owned by institutional investors.
In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.48, for a total transaction of $2,006,816.00. Following the completion of the sale, the insider now directly owns 594,459 shares of the company’s stock, valued at approximately $54,975,568.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Hotels Co. will post 3.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Thursday, May 16th. Hilton Hotels’s dividend payout ratio (DPR) is currently 21.51%.
Several research firms recently issued reports on HLT. Zacks Investment Research raised shares of Hilton Hotels from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Raymond James lowered shares of Hilton Hotels from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $92.00 to $102.00 in a report on Monday, May 6th. They noted that the move was a valuation call. Berenberg Bank lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and increased their target price for the stock from $83.00 to $94.00 in a report on Monday. Argus increased their target price on shares of Hilton Hotels from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Deutsche Bank lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 target price for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.84.
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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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