Bessemer Group Inc. decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,470 shares of the company’s stock after selling 1,002 shares during the period. Bessemer Group Inc.’s holdings in Travel + Leisure were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TNL. Allworth Financial LP lifted its position in shares of Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after buying an additional 416 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Travel + Leisure by 334.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Travel + Leisure during the 4th quarter valued at approximately $36,000. Arlington Trust Co LLC purchased a new position in shares of Travel + Leisure during the 4th quarter valued at approximately $53,000. Finally, Quent Capital LLC lifted its position in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Travel + Leisure Stock Up 1.3 %
Shares of TNL opened at $45.86 on Friday. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.91. The company has a market capitalization of $3.20 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 2.56 and a beta of 1.63. The stock has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $44.26.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business had revenue of $985.00 million during the quarter, compared to the consensus estimate of $987.20 million. During the same period last year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure Co. will post 5.61 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, June 14th. Travel + Leisure’s payout ratio is 36.83%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.75.
Read Our Latest Research Report on TNL
About Travel + Leisure
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel 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, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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