Arizona State Retirement System lifted its stake in shares of Hilton Hotels Co. Common Stock (NYSE:HLT) by 32.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 132,745 shares of the company’s stock after purchasing an additional 32,747 shares during the quarter. Arizona State Retirement System’s holdings in Hilton Hotels Co. Common Stock were worth $10,508,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HLT. Nisa Investment Advisors LLC acquired a new stake in Hilton Hotels Co. Common Stock in the second quarter valued at $142,000. Wetherby Asset Management Inc. acquired a new stake in Hilton Hotels Co. Common Stock in the first quarter valued at $201,000. Parametrica Management Ltd acquired a new stake in Hilton Hotels Co. Common Stock in the first quarter valued at $202,000. Dupont Capital Management Corp acquired a new stake in Hilton Hotels Co. Common Stock in the second quarter valued at $217,000. Finally, TLP Group LLC increased its holdings in Hilton Hotels Co. Common Stock by 1,118.4% in the first quarter. TLP Group LLC now owns 2,851 shares of the company’s stock valued at $225,000 after purchasing an additional 2,617 shares during the period. Institutional investors own 74.71% of the company’s stock.

Shares of Hilton Hotels Co. Common Stock stock opened at $77.20 on Friday. The company has a debt-to-equity ratio of 13.51, a current ratio of 0.78 and a quick ratio of 0.78. Hilton Hotels Co. Common Stock has a 1-year low of $60.54 and a 1-year high of $88.11. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 2.81 and a beta of 1.29.

Hilton Hotels Co. Common Stock (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.70. Hilton Hotels Co. Common Stock had a return on equity of 50.91% and a net margin of 15.53%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the business posted $0.51 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. sell-side analysts forecast that Hilton Hotels Co. Common Stock will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. Hilton Hotels Co. Common Stock’s payout ratio is currently 30.00%.

HLT has been the subject of a number of recent research reports. Zacks Investment Research upgraded Hilton Hotels Co. Common Stock from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Thursday, July 19th. Deutsche Bank increased their price objective on Hilton Hotels Co. Common Stock from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 20th. Jefferies Financial Group initiated coverage on Hilton Hotels Co. Common Stock in a report on Thursday, May 31st. They issued a “hold” rating and a $91.00 price objective for the company. Morgan Stanley increased their price objective on Hilton Hotels Co. Common Stock from $84.00 to $85.00 and gave the company a “hold” rating in a report on Tuesday, May 1st. Finally, Berenberg Bank upgraded Hilton Hotels Co. Common Stock from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.31.

About Hilton Hotels Co. Common Stock

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 Co. Common Stock (NYSE:HLT)

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