Creative Planning bought a new stake in shares of Hilton Hotels Co. (NYSE:HLT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,253 shares of the company’s stock, valued at approximately $250,000.
Other large investors have also made changes to their positions in the company. Huntington National Bank acquired a new position in Hilton Hotels during the 4th quarter valued at about $26,000. Usca Ria LLC acquired a new position in Hilton Hotels during the 3rd quarter valued at about $27,000. AdvisorNet Financial Inc acquired a new position in Hilton Hotels during the 3rd quarter valued at about $34,000. Simon Quick Advisors LLC acquired a new position in Hilton Hotels during the 4th quarter valued at about $49,000. Finally, Allred Capital Management LLC acquired a new position in Hilton Hotels during the 4th quarter valued at about $64,000. 97.22% of the stock is currently owned by institutional investors.
Hilton Hotels stock opened at $112.96 on Friday. The business’s 50-day simple moving average is $110.44 and its two-hundred day simple moving average is $100.55. The company has a market cap of $32.08 billion, a PE ratio of 35.52, a PEG ratio of 3.34 and a beta of 1.14. Hilton Hotels Co. has a fifty-two week low of $78.59 and a fifty-two week high of $115.48.
Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Hilton Hotels had a return on equity of 972.97% and a net margin of 9.92%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. Analysts expect that Hilton Hotels Co. will post 3.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.53%. Hilton Hotels’s payout ratio is presently 21.51%.
Several research analysts recently issued reports on HLT shares. Barclays upped their target price on Hilton Hotels from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. ValuEngine raised Hilton Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Citigroup upped their target price on Hilton Hotels from $111.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Nomura upped their target price on Hilton Hotels from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James upped their target price on Hilton Hotels from $104.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $105.29.
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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