Adage Capital Partners GP L.L.C. Cuts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Adage Capital Partners GP L.L.C. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,000 shares of the company’s stock after selling 2,300 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.11% of Hilton Worldwide worth $46,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd acquired a new position in Hilton Worldwide during the fourth quarter worth about $25,000. Concord Wealth Partners boosted its position in Hilton Worldwide by 93.0% during the fourth quarter. Concord Wealth Partners now owns 222 shares of the company’s stock worth $35,000 after acquiring an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Hilton Worldwide during the fourth quarter worth about $36,000. Larson Financial Group LLC boosted its position in Hilton Worldwide by 52.8% during the fourth quarter. Larson Financial Group LLC now owns 243 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Exane Derivatives boosted its position in Hilton Worldwide by 9,200.0% during the fourth quarter. Exane Derivatives now owns 279 shares of the company’s stock worth $44,000 after acquiring an additional 276 shares during the last quarter. 97.94% of the stock is owned by institutional investors and hedge funds.

Shares of HLT opened at $142.17 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $114.70 and a fifty-two week high of $167.99. The firm’s 50 day moving average price is $145.83 and its 200 day moving average price is $146.25. The company has a market cap of $39.57 billion, a P/E ratio of 54.89 and a beta of 1.17.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Hilton Worldwide had a net margin of 11.00% and a negative return on equity of 76.75%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 96.9% on a year-over-year basis. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 3.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 26th. Hilton Worldwide’s payout ratio is currently 23.17%.

HLT has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Hilton Worldwide in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Macquarie boosted their target price on shares of Hilton Worldwide from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, February 18th. Morgan Stanley boosted their target price on shares of Hilton Worldwide from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 17th. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $147.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, February 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $169.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $154.64.

In other news, Director Raymond E. Mabus acquired 700 shares of the company’s stock in a transaction on Friday, March 11th. The shares were bought at an average cost of $144.70 per share, with a total value of $101,290.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael W. Duffy sold 3,654 shares of the stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $138.50, for a total transaction of $506,079.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,657 shares of company stock worth $1,812,760. 2.40% of the stock is owned by insiders.

Hilton Worldwide Company Profile (Get Rating)

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. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio 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, and Hilton Grand Vacations.

Further Reading

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

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