Hilton Hotels Co. (NYSE:HLT) Position Reduced by Long Pond Capital LP
Long Pond Capital LP cut its position in Hilton Hotels Co. (NYSE:HLT) by 43.5% in the first quarter, HoldingsChannel.com reports. The firm owned 2,763,291 shares of the company’s stock after selling 2,124,709 shares during the period. Hilton Hotels accounts for approximately 8.0% of Long Pond Capital LP’s holdings, making the stock its 2nd biggest position. Long Pond Capital LP’s holdings in Hilton Hotels were worth $229,657,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HLT. Advisors Preferred LLC purchased a new position in Hilton Hotels in the 1st quarter valued at approximately $26,000. Anderson Fisher LLC bought a new position in shares of Hilton Hotels during the 1st quarter worth $26,000. Rational Advisors LLC bought a new position in shares of Hilton Hotels during the 1st quarter worth $38,000. Liberty Wealth Management LLC bought a new stake in Hilton Hotels during the first quarter valued at about $37,000. Finally, Lindbrook Capital LLC purchased a new stake in Hilton Hotels in the fourth quarter valued at about $37,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on HLT shares. Cowen set a $81.00 price target on Hilton Hotels and gave the company a “buy” rating in a research report on Thursday, February 14th. SunTrust Banks boosted their price objective on Hilton Hotels to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Wells Fargo & Co lifted their target price on Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded Hilton Hotels from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Monday, February 18th. Finally, Royal Bank of Canada upped their price objective on Hilton Hotels from $84.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $90.84.
HLT traded up $0.08 during mid-day trading on Friday, hitting $93.11. The stock had a trading volume of 18,020 shares, compared to its average volume of 1,944,994. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $27.17 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. Hilton Hotels Co. has a 1-year low of $63.76 and a 1-year high of $94.82.
Hilton Hotels (NYSE:HLT) last announced its earnings results on Wednesday, May 1st. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. Hilton Hotels had a net margin of 8.42% and a return on equity of 201.77%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. Hilton Hotels’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Hilton Hotels Co. will post 3.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Thursday, May 16th. Hilton Hotels’s dividend payout ratio 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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