Advisor Group Inc. Sells 574 Shares of Park Hotels & Resorts Inc (PK)

Advisor Group Inc. cut its holdings in Park Hotels & Resorts Inc (NYSE:PK) by 20.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,225 shares of the financial services provider’s stock after selling 574 shares during the quarter. Advisor Group Inc.’s holdings in Park Hotels & Resorts were worth $58,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its position in shares of Park Hotels & Resorts by 110.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 807 shares of the financial services provider’s stock worth $26,000 after buying an additional 423 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of Park Hotels & Resorts in the 4th quarter worth about $81,000. Robecosam AG boosted its position in shares of Park Hotels & Resorts by 28.6% in the 4th quarter. Robecosam AG now owns 4,500 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Park Hotels & Resorts by 62.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,613 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,163 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of Park Hotels & Resorts in the 4th quarter worth about $199,000.

PK has been the topic of a number of recent research reports. TheStreet upgraded shares of Park Hotels & Resorts from a “c” rating to a “b-” rating in a report on Friday, February 22nd. Nomura upped their target price on shares of Park Hotels & Resorts from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, March 6th. Barclays restated a “buy” rating and issued a $35.00 target price on shares of Park Hotels & Resorts in a report on Sunday, March 3rd. Finally, Deutsche Bank set a $34.00 target price on shares of Park Hotels & Resorts and gave the company a “hold” rating in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.



Shares of PK stock opened at $31.59 on Tuesday. The stock has a market cap of $6.43 billion, a PE ratio of 10.67, a P/E/G ratio of 2.16 and a beta of 1.28. Park Hotels & Resorts Inc has a 1-year low of $25.30 and a 1-year high of $34.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, February 27th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.40). The company had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $659.09 million. Park Hotels & Resorts had a return on equity of 8.29% and a net margin of 17.25%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts forecast that Park Hotels & Resorts Inc will post 2.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 5.70%. Park Hotels & Resorts’s payout ratio is currently 60.81%.

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Park Hotels & Resorts Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 54 premium-branded hotels and resorts with over 32,000 rooms, a majority of which are located in prime United States markets with high barriers to entry.

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Institutional Ownership by Quarter for Park Hotels & Resorts (NYSE:PK)

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