Daiwa Securities Group Inc. Has $4.39 Million Holdings in Hilton Hotels Co. (HLT)

Daiwa Securities Group Inc. decreased its stake in Hilton Hotels Co. (NYSE:HLT) by 23.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,069 shares of the company’s stock after selling 19,120 shares during the period. Daiwa Securities Group Inc.’s holdings in Hilton Hotels were worth $4,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital International Inc. CA increased its position in Hilton Hotels by 58.0% in the third quarter. Capital International Inc. CA now owns 79,101 shares of the company’s stock worth $6,390,000 after buying an additional 29,043 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Hilton Hotels by 15.5% during the third quarter. IFM Investors Pty Ltd now owns 14,837 shares of the company’s stock worth $1,199,000 after purchasing an additional 1,994 shares in the last quarter. Morgan Stanley grew its position in shares of Hilton Hotels by 12.5% during the third quarter. Morgan Stanley now owns 1,119,363 shares of the company’s stock worth $90,422,000 after purchasing an additional 124,638 shares in the last quarter. Capital Guardian Trust Co. grew its position in shares of Hilton Hotels by 5.9% during the third quarter. Capital Guardian Trust Co. now owns 1,087,908 shares of the company’s stock worth $87,881,000 after purchasing an additional 60,277 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Hilton Hotels by 0.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 351,866 shares of the company’s stock worth $28,424,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen assumed coverage on Hilton Hotels in a research report on Monday, October 22nd. They set an “outperform” rating and a $81.00 target price for the company. Raymond James cut their target price on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. Royal Bank of Canada cut their target price on Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. Finally, Robert W. Baird set a $84.00 target price on Hilton Hotels and gave the stock a “buy” rating in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Hilton Hotels presently has an average rating of “Buy” and a consensus price target of $84.61.

NYSE HLT opened at $74.32 on Wednesday. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 3.68 and a beta of 1.14. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.84. Hilton Hotels Co. has a 1-year low of $63.76 and a 1-year high of $87.11.

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

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