Traders Buy Hilton Hotels (HLT) on Weakness
Investors purchased shares of Hilton Hotels Co. (NYSE:HLT) on weakness during trading on Friday. $305.42 million flowed into the stock on the tick-up and $59.63 million flowed out of the stock on the tick-down, for a money net flow of $245.79 million into the stock. Of all stocks tracked, Hilton Hotels had the 26th highest net in-flow for the day. Hilton Hotels traded down ($0.12) for the day and closed at $80.96
Several brokerages have recently weighed in on HLT. Longbow Research began coverage on shares of Hilton Hotels in a report on Friday, September 7th. They set a “buy” rating and a $96.00 price objective on the stock. ValuEngine lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Berenberg Bank upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Thursday, July 19th. Finally, Goldman Sachs Group lowered shares of Hilton Hotels to a “buy” rating in a report on Sunday, June 10th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $86.88.
The stock has a market capitalization of $24.14 billion, a PE ratio of 34.45, a P/E/G ratio of 3.00 and a beta of 1.26. The company has a debt-to-equity ratio of 13.51, a quick ratio of 0.78 and a current ratio of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, August 9th. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of HLT. FMR LLC increased its position in Hilton Hotels by 86.0% during the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after purchasing an additional 6,763,660 shares in the last quarter. BlackRock Inc. grew its position in Hilton Hotels by 36.7% in the second quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock valued at $1,397,341,000 after acquiring an additional 4,740,303 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Hilton Hotels in the second quarter valued at approximately $235,006,000. Point72 Asset Management L.P. grew its position in Hilton Hotels by 406.9% in the second quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock valued at $248,994,000 after acquiring an additional 2,524,952 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Hilton Hotels by 178.9% in the second quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock valued at $286,692,000 after acquiring an additional 2,323,300 shares in the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.
Hilton Hotels Company Profile (NYSE:HLT)
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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