Voloridge Investment Management LLC Acquires Shares of 36,651 Hilton Hotels Co. (NYSE:HLT)

Voloridge Investment Management LLC acquired a new stake in Hilton Hotels Co. (NYSE:HLT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 36,651 shares of the company’s stock, valued at approximately $3,413,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in Hilton Hotels by 78.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,160 shares of the company’s stock worth $211,000 after buying an additional 950 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Hilton Hotels by 36.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,482 shares of the company’s stock worth $1,317,000 after acquiring an additional 3,579 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Hilton Hotels by 29.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 58,991 shares of the company’s stock worth $5,767,000 after acquiring an additional 13,483 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Hilton Hotels in the 2nd quarter worth approximately $326,000. Finally, Steward Partners Investment Advisory LLC grew its position in Hilton Hotels by 3.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,979 shares of the company’s stock worth $388,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

Several analysts have weighed in on HLT shares. Macquarie cut Hilton Hotels from an “outperform” rating to a “neutral” rating and set a $98.00 price objective for the company. in a report on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their target price on shares of Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. ValuEngine cut shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Sanford C. Bernstein began coverage on shares of Hilton Hotels in a research report on Wednesday, September 11th. They set an “outperform” rating and a $108.00 price target for the company. Finally, BMO Capital Markets started coverage on shares of Hilton Hotels in a research note on Wednesday, October 16th. They set an “outperform” rating and a $104.00 price target for the company. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hilton Hotels presently has an average rating of “Hold” and a consensus target price of $98.60.

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Shares of HLT opened at $104.75 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 78.08. Hilton Hotels Co. has a 1 year low of $65.64 and a 1 year high of $106.42. The stock has a market cap of $29.63 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 3.39 and a beta of 1.11. The stock’s 50-day moving average price is $98.24 and its two-hundred day moving average price is $95.13.

Hilton Hotels (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. As a group, equities analysts forecast that Hilton Hotels Co. will post 3.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 7th. Hilton Hotels’s payout ratio is 21.51%.

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, Hilton Grand Vacations, and Signia Hilton brands.

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Institutional Ownership by Quarter for Hilton Hotels (NYSE:HLT)

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