Point72 Asset Management L.P. Reduces Holdings in Hilton Hotels Co. (HLT)

Point72 Asset Management L.P. cut its position in Hilton Hotels Co. (NYSE:HLT) by 86.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 435,258 shares of the company’s stock after selling 2,710,194 shares during the quarter. Point72 Asset Management L.P. owned 0.15% of Hilton Hotels worth $35,160,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in Hilton Hotels in the third quarter valued at about $114,000. First Hawaiian Bank bought a new position in Hilton Hotels in the third quarter valued at about $152,000. Cerebellum GP LLC bought a new position in Hilton Hotels in the third quarter valued at about $187,000. MML Investors Services LLC bought a new position in Hilton Hotels in the third quarter valued at about $202,000. Finally, Steward Partners Investment Advisory LLC raised its position in Hilton Hotels by 117.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the company’s stock valued at $210,000 after purchasing an additional 1,408 shares during the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.

Shares of Hilton Hotels stock opened at $71.86 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. Hilton Hotels Co. has a 52 week low of $63.76 and a 52 week high of $88.11. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 4.09 and a beta of 1.32.

Hilton Hotels (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Hilton Hotels Co. will post 2.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.

Several brokerages have recently weighed in on HLT. ValuEngine raised Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Wells Fargo & Co raised Hilton Hotels from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $87.00 to $74.00 in a research note on Thursday, October 25th. Evercore ISI raised Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 price target for the company in a research note on Friday, October 26th. Morgan Stanley set a $75.00 price target on Hilton Hotels and gave the company a “hold” rating in a research note on Thursday, October 25th. Finally, Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.28.

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About Hilton Hotels

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

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