Optima Fund Management LLC Sells 1,229 Shares of Hilton Hotels Co. (NYSE:HLT)

Optima Fund Management LLC decreased its position in Hilton Hotels Co. (NYSE:HLT) by 6.6% during the first quarter, HoldingsChannel.com reports. The fund owned 17,265 shares of the company’s stock after selling 1,229 shares during the period. Hilton Hotels comprises approximately 2.0% of Optima Fund Management LLC’s investment portfolio, making the stock its 22nd biggest position. Optima Fund Management LLC’s holdings in Hilton Hotels were worth $1,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HLT. Harris Associates L P raised its stake in shares of Hilton Hotels by 86.7% in the fourth quarter. Harris Associates L P now owns 13,199,591 shares of the company’s stock worth $947,731,000 after buying an additional 6,127,890 shares during the period. Norges Bank bought a new position in shares of Hilton Hotels in the fourth quarter worth about $184,998,000. Oregon Public Employees Retirement Fund raised its stake in shares of Hilton Hotels by 3,751.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after buying an additional 2,406,698 shares during the period. Findlay Park Partners LLP raised its stake in shares of Hilton Hotels by 47.9% in the fourth quarter. Findlay Park Partners LLP now owns 2,825,000 shares of the company’s stock worth $202,835,000 after buying an additional 914,321 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Hilton Hotels by 182.0% in the fourth quarter. Two Sigma Advisers LP now owns 1,366,743 shares of the company’s stock worth $98,132,000 after buying an additional 882,003 shares during the period. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on HLT. TheStreet downgraded Hilton Hotels from a “b-” rating to a “c” rating in a research note on Monday, June 3rd. Zacks Investment Research raised Hilton Hotels from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Friday, May 3rd. Raymond James downgraded Hilton Hotels from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $92.00 to $102.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. Argus lifted their target price on Hilton Hotels from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Deutsche Bank downgraded Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 target price on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $90.84.

NYSE HLT traded up $0.08 during trading on Friday, hitting $93.11. 18,020 shares of the stock traded hands, compared to its average volume of 1,944,994. The stock has a market capitalization of $27.17 billion, a PE ratio of 33.34, a P/E/G ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.67 and a quick ratio of 0.67. Hilton Hotels Co. has a 12-month low of $63.76 and a 12-month high of $94.82.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Hilton Hotels had a return on equity of 201.77% and a net margin of 8.42%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. On average, analysts anticipate that Hilton Hotels Co. will post 3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, May 16th. Hilton Hotels’s dividend payout ratio is presently 21.51%.

In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.48, for a total transaction of $2,006,816.00. Following the completion of the transaction, the insider now owns 594,459 shares in the company, valued at approximately $54,975,568.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.

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

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