American Century Companies Inc. decreased its holdings in Hilton Hotels Co. (NYSE:HLT) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 810,948 shares of the company’s stock after selling 156,306 shares during the period. American Century Companies Inc. owned 0.28% of Hilton Hotels worth $58,226,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its holdings in shares of Hilton Hotels by 100.4% in the fourth 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 period. Oregon Public Employees Retirement Fund increased its holdings in Hilton Hotels by 3,751.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after purchasing an additional 2,406,698 shares during the period. Lindbrook Capital LLC purchased a new position in Hilton Hotels during the 4th quarter worth $37,000. We Are One Seven LLC purchased a new position in Hilton Hotels during the 4th quarter worth $55,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Hilton Hotels by 135.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 782 shares of the company’s stock worth $56,000 after purchasing an additional 450 shares during the period. 96.59% of the stock is owned by hedge funds and other institutional investors.
In other Hilton Hotels news, insider Kevin J. Jacobs sold 53,023 shares of Hilton Hotels stock in a transaction dated 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 owns 252,856 shares of the company’s stock, valued at approximately $20,557,192.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Hilton Hotels had a return on equity of 98.93% and a net margin of 8.58%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. On average, equities research analysts anticipate that Hilton Hotels Co. will post 3.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $0.15 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.68%. Hilton Hotels’s payout ratio is 21.51%.
Several research analysts have commented on the company. Wells Fargo & Co downgraded Hilton Hotels from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $88.00 to $90.00 in a report on Wednesday. Citigroup raised their price objective on Hilton Hotels from $84.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Argus upgraded Hilton Hotels from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Thursday, March 14th. Royal Bank of Canada raised their price objective on Hilton Hotels from $84.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Finally, 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. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $87.30.
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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