Mackay Shields LLC trimmed its position in Hilton Hotels Co. Common Stock (NYSE:HLT) by 23.6% during the 2nd quarter, Holdings Channel reports. The firm owned 45,216 shares of the company’s stock after selling 13,990 shares during the quarter. Mackay Shields LLC’s holdings in Hilton Hotels Co. Common Stock were worth $3,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HLT. Nisa Investment Advisors LLC bought a new stake in Hilton Hotels Co. Common Stock during the second quarter worth approximately $142,000. Wetherby Asset Management Inc. bought a new stake in Hilton Hotels Co. Common Stock during the first quarter worth approximately $201,000. Parametrica Management Ltd bought a new stake in Hilton Hotels Co. Common Stock during the first quarter worth approximately $202,000. Dupont Capital Management Corp bought a new stake in Hilton Hotels Co. Common Stock during the second quarter worth approximately $217,000. Finally, TLP Group LLC increased its stake in Hilton Hotels Co. Common Stock by 1,118.4% during the first quarter. TLP Group LLC now owns 2,851 shares of the company’s stock worth $225,000 after acquiring an additional 2,617 shares during the last quarter. 97.55% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. Sanford C. Bernstein cut Hilton Hotels Co. Common Stock from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 16th. Zacks Investment Research cut Hilton Hotels Co. Common Stock from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Berenberg Bank raised Hilton Hotels Co. Common Stock from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Goldman Sachs Group cut Hilton Hotels Co. Common Stock to a “buy” rating in a research note on Sunday, June 10th. Finally, Jefferies Financial Group assumed coverage on Hilton Hotels Co. Common Stock in a research note on Thursday, May 31st. They set a “hold” rating and a $91.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $86.31.

Shares of NYSE:HLT opened at $76.29 on Tuesday. Hilton Hotels Co. Common Stock has a 1 year low of $61.10 and a 1 year high of $88.11. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 13.51.

Hilton Hotels Co. Common Stock (NYSE:HLT) last announced its earnings results on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. Hilton Hotels Co. Common Stock had a return on equity of 50.91% and a net margin of 15.53%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. analysts anticipate that Hilton Hotels Co. Common Stock will post 2.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. Hilton Hotels Co. Common Stock’s dividend payout ratio (DPR) is presently 30.00%.

Hilton Hotels Co. Common Stock 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: Diversification in Your Portfolio

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Institutional Ownership by Quarter for Hilton Hotels Co. Common Stock (NYSE:HLT)

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