Jennison Associates LLC lessened its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 35.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038,068 shares of the company’s stock after selling 559,800 shares during the period. Jennison Associates LLC owned 0.35% of Hilton Hotels worth $83,855,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HLT. FMR LLC lifted its holdings in shares of Hilton Hotels by 86.0% during the second quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after purchasing an additional 6,763,660 shares during the period. BlackRock Inc. lifted its holdings in shares of Hilton Hotels by 36.7% during the second quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock worth $1,397,341,000 after purchasing an additional 4,740,303 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Hilton Hotels during the second quarter worth $235,006,000. Point72 Asset Management L.P. lifted its holdings in shares of Hilton Hotels by 406.9% during the second quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock worth $248,994,000 after purchasing an additional 2,524,952 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Hilton Hotels by 178.9% during the second quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock worth $286,692,000 after purchasing an additional 2,323,300 shares during the period. Institutional investors own 95.27% of the company’s stock.

HLT stock opened at $73.04 on Monday. The firm has a market capitalization of $21.66 billion, a P/E ratio of 36.52, a PEG ratio of 4.15 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $88.11.

Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.41 billion. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. Hilton Hotels’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Equities analysts anticipate that Hilton Hotels Co. will post 2.7 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio (DPR) is currently 30.00%.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Wells Fargo & Co upgraded shares of Hilton Hotels from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $87.00 to $74.00 in a report on Thursday, October 25th. Evercore ISI upgraded shares of Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 target price on the stock in a report on Friday, October 26th. Morgan Stanley set a $75.00 target price on shares of Hilton Hotels and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Robert W. Baird set a $84.00 target price on shares of Hilton Hotels and gave the company a “buy” rating in a report on Thursday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Hilton Hotels currently has an average rating of “Buy” and a consensus price target of $85.28.

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Hilton Hotels Company 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, 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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