Westpac Banking Corp Sells 4,632 Shares of Hilton Hotels Co. (NYSE:HLT)

Westpac Banking Corp lessened its position in shares of Hilton Hotels Co. (NYSE:HLT) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,288 shares of the company’s stock after selling 4,632 shares during the quarter. Westpac Banking Corp’s holdings in Hilton Hotels were worth $13,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commerce Bank raised its stake in shares of Hilton Hotels by 2.0% during the 1st quarter. Commerce Bank now owns 7,096 shares of the company’s stock worth $590,000 after acquiring an additional 141 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Hilton Hotels by 16.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,023 shares of the company’s stock worth $85,000 after acquiring an additional 148 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Hilton Hotels by 3.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,979 shares of the company’s stock worth $388,000 after acquiring an additional 148 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Hilton Hotels by 3.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,952 shares of the company’s stock worth $412,000 after acquiring an additional 157 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its position in Hilton Hotels by 44.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 549 shares of the company’s stock worth $46,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.59% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Cleveland Research downgraded shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Morgan Stanley boosted their target price on shares of Hilton Hotels from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Argus boosted their target price on shares of Hilton Hotels from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, SunTrust Banks downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Tuesday, July 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Hilton Hotels currently has a consensus rating of “Buy” and an average target price of $93.10.



Shares of HLT stock traded down $3.26 during trading hours on Wednesday, hitting $92.00. The company’s stock had a trading volume of 52,405 shares, compared to its average volume of 2,427,299. The stock has a 50 day simple moving average of $96.85. The stock has a market cap of $27.33 billion, a PE ratio of 33.22, a PEG ratio of 2.91 and a beta of 1.09. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $101.14.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Research analysts expect that Hilton Hotels Co. will post 3.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 8th. Hilton Hotels’s dividend payout ratio (DPR) is currently 21.51%.

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, 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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Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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