Northern Trust Corp Buys 599,256 Shares of Hilton Hotels Co. (HLT)
Northern Trust Corp grew its stake in Hilton Hotels Co. (NYSE:HLT) by 25.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,988,260 shares of the company’s stock after acquiring an additional 599,256 shares during the quarter. Northern Trust Corp owned about 1.00% of Hilton Hotels worth $236,551,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Hilton Hotels in the 2nd quarter worth $142,000. Dupont Capital Management Corp acquired a new stake in shares of Hilton Hotels in the 2nd quarter worth $217,000. TLP Group LLC increased its stake in shares of Hilton Hotels by 1,118.4% in the 1st 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. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Hilton Hotels in the 2nd quarter worth $225,000. Finally, Gilbert & Cook Inc. acquired a new stake in shares of Hilton Hotels in the 2nd quarter worth $229,000. 97.77% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on HLT shares. Jefferies Financial Group began coverage on Hilton Hotels in a research note on Thursday, May 31st. They issued a “hold” rating and a $91.00 target price for the company. Goldman Sachs Group cut Hilton Hotels to a “buy” rating in a report on Sunday, June 10th. Berenberg Bank upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Hilton Hotels from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Thursday, July 19th. Finally, Sanford C. Bernstein cut Hilton Hotels from an “outperform” rating to a “market perform” rating in a report on Thursday, August 16th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Hilton Hotels has an average rating of “Buy” and an average price target of $86.88.
Hilton Hotels (NYSE:HLT) last announced its earnings results on Wednesday, July 25th. The company reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. Hilton Hotels had a return on equity of 50.91% and a net margin of 15.53%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period last year, the business posted $0.51 EPS. Hilton Hotels’s revenue for the quarter was up 10.4% on a year-over-year basis. equities analysts expect that Hilton Hotels Co. will post 2.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, August 9th. Hilton Hotels’s dividend payout ratio (DPR) is 30.00%.
About Hilton Hotels
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.
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