Adage Capital Partners GP L.L.C. Decreases Stock Position in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Hilton Worldwide Holdings Inc. by 50.2%, owning 86,000 shares valued at approximately $19.57 million after selling 86,800 shares in the first quarter.
• Several other institutional investors have increased their positions in Hilton Worldwide, with Valley National Advisers Inc. increasing its stake by 244.8% during the same period.
• Hilton Worldwide recently reported a quarterly earnings per share of $2.20, exceeding analysts' expectations, and announced a quarterly dividend of $0.15 per share.

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 50.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,000 shares of the company's stock after selling 86,800 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Hilton Worldwide were worth $19,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC grew its holdings in Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares during the period. Beacon Capital Management LLC grew its holdings in Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Hilton Worldwide by 244.8% in the first quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after acquiring an additional 142 shares during the period. Wayfinding Financial LLC bought a new position in shares of Hilton Worldwide in the first quarter worth $54,000. Finally, Colonial Trust Co SC boosted its holdings in shares of Hilton Worldwide by 13,150.0% in the fourth quarter. Colonial Trust Co SC now owns 265 shares of the company's stock worth $65,000 after acquiring an additional 263 shares during the period. 95.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Bank of America raised their price target on Hilton Worldwide from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target for the company. Barclays cut their price target on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Robert W. Baird lifted their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.40.

Hilton Worldwide Price Performance

NYSE HLT traded down $2.82 during trading hours on Tuesday, reaching $274.98. 863,152 shares of the stock traded hands, compared to its average volume of 1,976,108. The stock has a 50 day simple moving average of $271.32 and a two-hundred day simple moving average of $249.82. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.80. The company has a market cap of $64.67 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%.The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $1.91 earnings per share. The company's revenue for the quarter was up 6.3% on a year-over-year basis. Hilton Worldwide has set its Q3 2025 guidance at 1.980-2.040 EPS. FY 2025 guidance at 7.830-8.000 EPS. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.22%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher W. Silcock sold 11,905 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $269.40, for a total transaction of $3,207,207.00. Following the sale, the insider owned 79,451 shares in the company, valued at $21,404,099.40. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.