Fmr LLC Decreases Position in Hilton Hotels Co. (HLT)
Fmr LLC reduced its position in Hilton Hotels Co. (NYSE:HLT) by 82.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,827,197 shares of the company’s stock after selling 8,324,720 shares during the period. Fmr LLC owned approximately 0.62% of Hilton Hotels worth $131,192,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC raised its position in shares of Hilton Hotels by 100.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock valued at $33,000 after purchasing an additional 233 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Hilton Hotels by 3,751.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock valued at $34,000 after acquiring an additional 2,406,698 shares in the last quarter. Lindbrook Capital LLC bought a new stake in shares of Hilton Hotels in the 4th quarter valued at $37,000. We Are One Seven LLC bought a new stake in shares of Hilton Hotels in the 4th quarter valued at $55,000. Finally, Bronfman E.L. Rothschild L.P. grew its position in Hilton Hotels by 135.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 782 shares of the company’s stock valued at $56,000 after purchasing an additional 450 shares during the period. 96.59% of the stock is owned by institutional investors.
In other Hilton Hotels news, insider Kevin J. Jacobs sold 53,023 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $81.30, for a total transaction of $4,310,769.90. Following the sale, the insider now owns 252,856 shares in the company, valued at approximately $20,557,192.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.
Hilton Hotels (NYSE:HLT) last announced its earnings results on Wednesday, February 13th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. Hilton Hotels had a return on equity of 98.93% and a net margin of 8.58%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. Research analysts expect that Hilton Hotels Co. will post 3.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.69%. Hilton Hotels’s payout ratio is presently 21.51%.
Several brokerages have weighed in on HLT. Morgan Stanley set a $73.00 target price on Hilton Hotels and gave the stock a “hold” rating in a report on Thursday, December 20th. Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a report on Monday, December 31st. ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Cowen set a $81.00 price target on Hilton Hotels and gave the stock a “buy” rating in a research report on Thursday, February 14th. Finally, SunTrust Banks boosted their price target on Hilton Hotels to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $87.17.
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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, 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, and Hilton Grand Vacations brands.
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