Gilbert & Cook Inc. Boosts Stake in Hilton Hotels Co. (NYSE:HLT)

Gilbert & Cook Inc. lifted its holdings in Hilton Hotels Co. (NYSE:HLT) by 37.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,149 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. Gilbert & Cook Inc.’s holdings in Hilton Hotels were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HLT. Price T Rowe Associates Inc. MD grew its holdings in shares of Hilton Hotels by 15.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 23,233,493 shares of the company’s stock worth $2,270,842,000 after acquiring an additional 3,174,048 shares during the period. Vanguard Group Inc. grew its holdings in shares of Hilton Hotels by 0.7% in the second quarter. Vanguard Group Inc. now owns 21,712,911 shares of the company’s stock worth $2,122,219,000 after acquiring an additional 160,990 shares during the period. BlackRock Inc. grew its holdings in shares of Hilton Hotels by 3.0% in the second quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after acquiring an additional 544,547 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Hilton Hotels by 11.8% in the second quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after acquiring an additional 485,682 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of Hilton Hotels by 1,101.0% in the second quarter. Nuveen Asset Management LLC now owns 2,348,802 shares of the company’s stock worth $229,572,000 after acquiring an additional 2,153,226 shares during the period. Hedge funds and other institutional investors own 99.14% of the company’s stock.

HLT has been the subject of several recent research reports. SunTrust Banks lowered Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a report on Tuesday, July 16th. Citigroup boosted their price target on Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Wells Fargo & Co cut their price target on Hilton Hotels from $97.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Finally, Barclays boosted their price target on Hilton Hotels from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Hilton Hotels presently has a consensus rating of “Hold” and a consensus target price of $99.65.

Shares of NYSE HLT traded up $0.16 during mid-day trading on Friday, reaching $99.09. The company’s stock had a trading volume of 904,744 shares, compared to its average volume of 2,224,686. The firm has a market capitalization of $27.91 billion, a PE ratio of 35.52, a P/E/G ratio of 3.23 and a beta of 1.10. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a fifty day moving average of $94.19 and a two-hundred day moving average of $93.78. Hilton Hotels Co. has a 52 week low of $65.64 and a 52 week high of $101.14.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Analysts anticipate that Hilton Hotels Co. will post 3.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, November 7th. Hilton Hotels’s dividend payout ratio (DPR) is 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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