Wetherby Asset Management Inc. Acquires 126 Shares of Hilton Hotels Co. (NYSE:HLT)

Wetherby Asset Management Inc. raised its holdings in Hilton Hotels Co. (NYSE:HLT) by 3.8% in the third quarter, HoldingsChannel.com reports. The firm owned 3,434 shares of the company’s stock after purchasing an additional 126 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Hilton Hotels were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLT. Pensionfund DSM Netherlands bought a new stake in Hilton Hotels in the 2nd quarter valued at about $2,639,000. Pensionfund Sabic bought a new stake in Hilton Hotels in the 2nd quarter valued at about $1,759,000. WINTON GROUP Ltd bought a new stake in Hilton Hotels in the 2nd quarter valued at about $15,654,000. Carroll Financial Associates Inc. boosted its holdings in Hilton Hotels by 122.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Finally, TrimTabs Asset Management LLC bought a new stake in Hilton Hotels in the 2nd quarter valued at about $1,290,000. 99.14% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HLT traded up $0.16 during trading hours on Friday, hitting $99.09. 904,744 shares of the stock were exchanged, compared to its average volume of 2,224,686. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $27.91 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 3.23 and a beta of 1.10. The company’s fifty day simple moving average is $94.19 and its two-hundred day simple moving average is $93.78. Hilton Hotels Co. has a 1-year low of $65.64 and a 1-year high of $101.14.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Hilton Hotels had a net margin of 9.92% and a return on equity of 972.97%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Hotels Co. will post 3.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 8th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.61%. Hilton Hotels’s dividend payout ratio is currently 21.51%.

HLT has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Hilton Hotels from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Macquarie lowered shares of Hilton Hotels from an “outperform” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research report on Tuesday, September 3rd. SunTrust Banks lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research report on Tuesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, Raymond James increased their price target on shares of Hilton Hotels from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $99.65.

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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