Gotham Asset Management LLC Raises Holdings in Hilton Hotels Co. (HLT)

Gotham Asset Management LLC raised its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 65.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,268 shares of the company’s stock after acquiring an additional 32,606 shares during the period. Gotham Asset Management LLC’s holdings in Hilton Hotels were worth $5,907,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Flagship Harbor Advisors LLC lifted its position in Hilton Hotels by 100.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after buying an additional 233 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $37,000. We Are One Seven LLC purchased a new position in shares of Hilton Hotels during the fourth quarter valued at approximately $55,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Hilton Hotels by 135.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 782 shares of the company’s stock valued at $56,000 after buying an additional 450 shares during the period. Finally, Exane Derivatives increased its stake in shares of Hilton Hotels by 141.0% during the fourth quarter. Exane Derivatives now owns 976 shares of the company’s stock valued at $70,000 after buying an additional 571 shares during the period. Institutional investors and hedge funds own 96.59% of the company’s stock.

In related news, insider Kevin J. Jacobs sold 53,023 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 252,856 shares of the company’s stock, valued at approximately $20,557,192.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Shares of NYSE:HLT traded down $0.56 during trading on Monday, hitting $88.17. 1,196,596 shares of the company’s stock were exchanged, compared to its average volume of 2,721,147. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 13.02. Hilton Hotels Co. has a 52-week low of $63.76 and a 52-week high of $89.34. The stock has a market capitalization of $25.94 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.69 and a beta of 1.18.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. The business had revenue of $2.29 billion during 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 company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. On average, research analysts predict that Hilton Hotels Co. will post 3.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 28th. Hilton Hotels’s dividend payout ratio is currently 21.51%.

HLT has been the topic of several research analyst reports. Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. SunTrust Banks upped their price target on Hilton Hotels to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Morgan Stanley set a $73.00 price target on Hilton Hotels and gave the stock a “hold” rating in a research note on Thursday, December 20th. Wells Fargo & Co upped their price target on Hilton Hotels from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Finally, ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Hilton Hotels 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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Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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