Westpac Banking Corp cut its holdings in shares of Hilton Hotels Co. (NYSE:HLT) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,657 shares of the company’s stock after selling 34,110 shares during the period. Westpac Banking Corp’s holdings in Hilton Hotels were worth $11,320,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. FMR LLC boosted its position in Hilton Hotels by 86.0% in the second quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after buying an additional 6,763,660 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hilton Hotels by 28.5% in the second quarter. Bank of New York Mellon Corp now owns 2,112,925 shares of the company’s stock valued at $167,259,000 after buying an additional 469,172 shares in the last quarter. Bank of Montreal Can boosted its position in Hilton Hotels by 52.5% in the third quarter. Bank of Montreal Can now owns 221,894 shares of the company’s stock valued at $17,924,000 after buying an additional 76,390 shares in the last quarter. First Hawaiian Bank acquired a new stake in Hilton Hotels in the third quarter valued at approximately $152,000. Finally, IFM Investors Pty Ltd boosted its position in Hilton Hotels by 15.5% in the third quarter. IFM Investors Pty Ltd now owns 14,837 shares of the company’s stock valued at $1,199,000 after buying an additional 1,994 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Hilton Hotels from $84.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Monday. Wells Fargo & Co raised their target price on shares of Hilton Hotels from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. SunTrust Banks raised their target price on shares of Hilton Hotels to $99.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, Cowen set a $81.00 target price on shares of Hilton Hotels and gave the company a “buy” rating in a research report on Thursday, February 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $85.77.

Shares of NYSE:HLT traded down $0.01 during mid-day trading on Tuesday, reaching $81.74. 482,975 shares of the company’s stock were exchanged, compared to its average volume of 3,150,403. The firm has a market cap of $24.24 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 3.99 and a beta of 1.14. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84. Hilton Hotels Co. has a twelve month low of $63.76 and a twelve month high of $86.44.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, February 13th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. Hilton Hotels had a net margin of 8.58% and a return on equity of 88.54%. Hilton Hotels’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Sell-side analysts forecast that Hilton Hotels Co. will post 3.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.

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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, Hilton Wen'an, and Hilton Grand Vacations brands.

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

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