Vanguard Group Inc. raised its position in Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,662,790 shares of the company’s stock after buying an additional 646,193 shares during the period. Vanguard Group Inc. owned 7.47% of Starwood Hotels & Resorts Worldwide worth $936,414,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Canandaigua National Bank & Trust Co. purchased a new position in Starwood Hotels & Resorts Worldwide during the first quarter valued at approximately $234,000. Eqis Capital Management Inc. purchased a new position in Starwood Hotels & Resorts Worldwide during the second quarter valued at approximately $264,000. Glenmede Trust Co. NA raised its position in Starwood Hotels & Resorts Worldwide by 0.5% in the second quarter. Glenmede Trust Co. NA now owns 3,647 shares of the company’s stock valued at $269,000 after buying an additional 18 shares in the last quarter. Creative Planning raised its position in 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. Finally, Sphinx Trading LP purchased a new position in Starwood Hotels & Resorts Worldwide during the second quarter valued at approximately $276,000. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) opened at 77.05 on Friday. Starwood Hotels & Resorts Worldwide Inc. has a 1-year low of $56.87 and a 1-year high of $84.37. The stock has a 50 day moving average of $77.42 and a 200 day moving average of $77.13. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 158.21 and a beta of 1.99.

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

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

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Starwood Hotels & Resorts Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. TheStreet lowered 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 assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $78.83.

Starwood Hotels & Resorts Worldwide Company Profile

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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