Oregon Public Employees Retirement Fund lowered its holdings in Travel + Leisure Co. (NYSE:TNL – Get Rating) by 1.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 27,631 shares of the company’s stock after selling 354 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Travel + Leisure were worth $1,601,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Systems of Alabama increased its holdings in shares of Travel + Leisure by 119.3% in the 1st quarter. Retirement Systems of Alabama now owns 247,832 shares of the company’s stock valued at $14,359,000 after acquiring an additional 134,827 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Travel + Leisure by 54.0% in the 1st quarter. Ellevest Inc. now owns 3,935 shares of the company’s stock valued at $228,000 after acquiring an additional 1,379 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Travel + Leisure by 40.7% in the 1st quarter. Fifth Third Bancorp now owns 1,144 shares of the company’s stock valued at $66,000 after acquiring an additional 331 shares during the last quarter. TCW Group Inc. grew its stake in Travel + Leisure by 3.9% during the 1st quarter. TCW Group Inc. now owns 11,348 shares of the company’s stock worth $658,000 after buying an additional 425 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new position in Travel + Leisure during the 1st quarter worth approximately $19,564,000. Institutional investors and hedge funds own 87.70% of the company’s stock.
Shares of TNL stock opened at $40.27 on Friday. The business’s 50 day moving average is $46.46 and its two-hundred day moving average is $52.41. Travel + Leisure Co. has a twelve month low of $37.67 and a twelve month high of $63.19. The company has a market capitalization of $3.44 billion, a P/E ratio of 10.65 and a beta of 1.73.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $772.11 million. Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Research analysts expect that Travel + Leisure Co. will post 4.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.97%. Travel + Leisure’s dividend payout ratio is currently 42.33%.
A number of research analysts recently issued reports on TNL shares. Barclays started coverage on Travel + Leisure in a research note on Tuesday, June 28th. They set an “equal weight” rating on the stock. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $79.00 in a research note on Friday, April 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.60.
In other news, insider James J. Savina sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the sale, the insider now directly owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.07% of the stock is owned by company insiders.
Travel + Leisure Company Profile (Get Rating)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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