Ancora Advisors LLC purchased a new stake in Hilton Hotels Co. (NYSE:HLT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,409 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hilton Hotels by 60.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,211 shares of the company’s stock valued at $3,975,000 after purchasing an additional 18,536 shares during the last quarter. Eaton Vance Management lifted its holdings in Hilton Hotels by 7.5% during the 3rd quarter. Eaton Vance Management now owns 124,072 shares of the company’s stock worth $10,023,000 after buying an additional 8,604 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Hilton Hotels by 5.7% during the 3rd quarter. Hsbc Holdings PLC now owns 168,369 shares of the company’s stock worth $13,600,000 after buying an additional 9,114 shares during the last quarter. United Services Automobile Association lifted its holdings in Hilton Hotels by 2.0% during the 3rd quarter. United Services Automobile Association now owns 342,222 shares of the company’s stock worth $27,645,000 after buying an additional 6,692 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Hilton Hotels by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 171,065 shares of the company’s stock worth $13,819,000 after buying an additional 3,130 shares during the last quarter. 96.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Hilton Hotels stock opened at $72.86 on Friday. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $22.29 billion, a PE ratio of 36.43, a P/E/G ratio of 4.27 and a beta of 1.32. Hilton Hotels Co. has a twelve month low of $63.76 and a twelve month high of $88.11.

Hilton Hotels (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. As a group, research analysts expect that Hilton Hotels Co. will post 2.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 8th. Hilton Hotels’s payout ratio is 30.00%.

A number of research analysts have commented on the company. ValuEngine raised Hilton Hotels from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Argus downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Royal Bank of Canada reduced their target price on Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Raymond James reduced their target price on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 25th. Finally, Evercore ISI raised 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. Six 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 stock. The stock has a consensus rating of “Buy” and an average 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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