Trade Report: Today, Nationwide Fund Advisors lowers its Position in Starwood Hotels & Resorts Worldwide Inc. (HOT)

Today, Nationwide Fund Advisors lowers its Position in Starwood Hotels & Resorts Worldwide Inc. (HOT)

Nationwide Fund Advisors lowered its stake in shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 47,308 shares of the company’s stock after selling 1,396 shares during the period. Nationwide Fund Advisors’ holdings in Starwood Hotels & Resorts Worldwide were worth $3,498,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HOT. Blair William & Co. IL purchased a new stake in Starwood Hotels & Resorts Worldwide during the second quarter worth $287,000. Kellner Capital LLC increased its stake in Starwood Hotels & Resorts Worldwide by 56.8% in the second quarter. Kellner Capital LLC now owns 165,400 shares of the company’s stock worth $12,231,000 after buying an additional 59,900 shares in the last quarter. Airain ltd purchased a new stake in Starwood Hotels & Resorts Worldwide during the second quarter worth $49,164,000. Aviva PLC increased its stake in Starwood Hotels & Resorts Worldwide by 17.3% in the second quarter. Aviva PLC now owns 101,135 shares of the company’s stock worth $7,481,000 after buying an additional 14,901 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake 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 worth $269,000 after buying an additional 18 shares in the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) remained flat at $77.05 during trading on Thursday. The company’s 50-day moving average price is $77.12 and its 200-day moving average price is $77.38. Starwood Hotels & Resorts Worldwide Inc. has a 52 week low of $56.87 and a 52 week high of $84.37.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Starwood Hotels & Resorts Worldwide had a return on equity of 50.53% and a net margin of 1.47%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, equities research analysts predict that Starwood Hotels & Resorts Worldwide Inc. will post $2.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 23rd were issued a dividend of $0.375 per share. The ex-dividend date was Wednesday, September 21st. This represents a $1.50 dividend on an annualized basis and a yield of 1.95%. Starwood Hotels & Resorts Worldwide’s dividend payout ratio (DPR) is 312.50%.

A number of equities research analysts have recently weighed in on HOT shares. Zacks Investment Research raised Starwood Hotels & Resorts Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. TheStreet downgraded Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target 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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