Janney Montgomery Scott LLC Has $191,000 Holdings in Park Hotels & Resorts Inc. (NYSE:PK)

Janney Montgomery Scott LLC decreased its holdings in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,549 shares of the financial services provider’s stock after selling 1,381 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Park Hotels & Resorts were worth $191,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PK. Harbor Capital Advisors Inc. acquired a new position in Park Hotels & Resorts during the third quarter worth $33,000. Venturi Wealth Management LLC boosted its holdings in Park Hotels & Resorts by 281.6% during the third quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 2,841 shares during the last quarter. Claro Advisors LLC acquired a new position in Park Hotels & Resorts during the third quarter worth $69,000. Covestor Ltd boosted its holdings in Park Hotels & Resorts by 64.8% during the third quarter. Covestor Ltd now owns 6,894 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 2,711 shares during the last quarter. Finally, KBC Group NV raised its position in Park Hotels & Resorts by 34.4% during the third quarter. KBC Group NV now owns 7,360 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,882 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

PK has been the topic of several analyst reports. Bank of America dropped their price target on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Monday, October 21st. StockNews.com raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of Park Hotels & Resorts from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. UBS Group dropped their price target on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Park Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Park Hotels & Resorts Price Performance

Shares of PK opened at $12.78 on Friday. The firm has a market capitalization of $2.64 billion, a PE ratio of 8.14 and a beta of 2.00. The company’s 50-day moving average is $14.14 and its 200-day moving average is $14.39. Park Hotels & Resorts Inc. has a fifty-two week low of $12.56 and a fifty-two week high of $18.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51.

Park Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 20.35%. This is a positive change from Park Hotels & Resorts’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, December 31st. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 63.69%.

Park Hotels & Resorts Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.