Adage Capital Partners GP L.L.C. Sells 14,500 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 172,800 shares of the company's stock after selling 14,500 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Hilton Worldwide worth $42,709,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Noble Wealth Management PBC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the 4th quarter valued at $34,000. Sierra Ocean LLC bought a new position in Hilton Worldwide in the 4th quarter valued at $36,000. Finally, Hopwood Financial Services Inc. acquired a new position in Hilton Worldwide in the fourth quarter worth $41,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a report on Wednesday. Mizuho reiterated a "neutral" rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Truist Financial decreased their price target on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Evercore ISI dropped their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Finally, Raymond James raised their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $244.31.

Hilton Worldwide Stock Down 0.9 %

Shares of NYSE:HLT traded down $2.06 during mid-day trading on Wednesday, reaching $224.35. 893,680 shares of the stock were exchanged, compared to its average volume of 1,729,181. The company has a market cap of $53.76 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22. The stock's 50 day simple moving average is $229.06 and its 200-day simple moving average is $242.60.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide's dividend payout ratio is 9.76%.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

About Hilton Worldwide

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.