Canandaigua National Bank & Trust Co. maintained its stake in shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) during the second quarter, Holdings Channel reports. The institutional investor owned 2,805 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co.’s holdings in Starwood Hotels & Resorts Worldwide were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HOT. Eqis Capital Management Inc. purchased a new stake in shares of Starwood Hotels & Resorts Worldwide during the second quarter valued at approximately $264,000. Creative Planning increased its stake in shares of Starwood Hotels & Resorts Worldwide by 18.5% in the second quarter. Creative Planning now owns 3,719 shares of the company’s stock valued at $275,000 after buying an additional 580 shares in the last quarter. Sphinx Trading LP purchased a new stake in shares of Starwood Hotels & Resorts Worldwide during the second quarter valued at approximately $276,000. BB&T Securities LLC increased its stake in shares of Starwood Hotels & Resorts Worldwide by 19.9% in the first quarter. BB&T Securities LLC now owns 3,815 shares of the company’s stock valued at $318,000 after buying an additional 632 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Starwood Hotels & Resorts Worldwide during the first quarter valued at approximately $309,000. Institutional investors own 83.46% of the company’s stock.

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) traded down 0.26% on Thursday, hitting $77.05. 18,604,035 shares of the company’s stock traded hands. The stock has a market cap of $13.06 billion, a P/E ratio of 158.21 and a beta of 1.99. Starwood Hotels & Resorts Worldwide Inc. has a 12 month low of $56.87 and a 12 month high of $84.37. The stock has a 50 day moving average price of $77.42 and a 200-day moving average price of $77.13.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Starwood Hotels & Resorts Worldwide had a net margin of 1.47% and a return on equity of 50.53%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.84 EPS. Starwood Hotels & Resorts Worldwide’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Starwood Hotels & Resorts Worldwide Inc. will post $2.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, September 21st. Starwood Hotels & Resorts Worldwide’s payout ratio is currently 312.50%.

A number of analysts recently issued reports on HOT shares. Zacks Investment Research downgraded shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “sell” rating in a report on Monday, July 18th. TheStreet downgraded shares of Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Starwood Hotels & Resorts Worldwide presently has a consensus rating of “Hold” and a consensus target price of $78.83.

About Starwood Hotels & Resorts Worldwide

Starwood Hotels & Resorts Worldwide, Inc is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific.

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