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Starwood Hotels & Resorts Worldwide (NYSE:HOT) Insider Sergio Rivera sold 59,234 shares of Starwood Hotels & Resorts Worldwide stock on the open market in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.00, for a total value of $4,738,720.00. Following the completion of the sale, the insider now directly owns 42,871 shares in the company, valued at approximately $3,429,680. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on HOT shares. Analysts at SunTrust upgraded shares of Starwood Hotels & Resorts Worldwide from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. They now have a $82.00 price target on the stock, up previously from $81.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Friday, April 25th. They now have a $85.00 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Friday, April 25th. They now have a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.60.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 1.22% on Monday, hitting $79.95. 2,717,079 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a 52-week low of $60.46 and a 52-week high of $82.81. The stock has a 50-day moving average of $77.50 and a 200-day moving average of $76.87. The company has a market cap of $15.350 billion and a P/E ratio of 27.19.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Starwood Hotels & Resorts Worldwide will post $2.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, June 4th.

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT), is a hotel and leisure company.

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