AMF Pensionsforsakring AB acquired a new stake in shares of Hilton Hotels Co. (NYSE:HLT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 89,000 shares of the company’s stock, valued at approximately $6,390,000.

Other hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC lifted its stake in Hilton Hotels by 100.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock valued at $33,000 after buying an additional 233 shares in the last quarter. We Are One Seven LLC purchased a new stake in Hilton Hotels during the fourth quarter valued at about $55,000. Bell Rock Capital LLC purchased a new stake in Hilton Hotels during the fourth quarter valued at about $83,000. Ancora Advisors LLC purchased a new stake in Hilton Hotels during the third quarter valued at about $114,000. Finally, First Hawaiian Bank purchased a new stake in Hilton Hotels during the third quarter valued at about $152,000. 96.75% of the stock is owned by institutional investors.

NYSE HLT opened at $74.42 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. The company has a market capitalization of $22.09 billion, a PE ratio of 37.21, a P/E/G ratio of 3.69 and a beta of 1.20. Hilton Hotels Co. has a 52-week low of $63.76 and a 52-week high of $87.11.

A number of research firms have commented on HLT. Zacks Investment Research raised shares of Hilton Hotels from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Morgan Stanley set a $73.00 price objective on shares of Hilton Hotels and gave the company a “hold” rating in a research note on Thursday, December 20th. Robert W. Baird set a $84.00 price objective on shares of Hilton Hotels and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, B. Riley raised shares of Hilton Hotels from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $91.00 to $85.00 in a research report on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $84.61.

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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, 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, and Hilton Grand Vacations brands.

Further Reading: Fiduciary

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

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