Intech Investment Management LLC lifted its stake in Travel + Leisure Co. (NYSE:TNL – Free Report) by 89.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,412 shares of the company’s stock after buying an additional 5,403 shares during the period. Intech Investment Management LLC’s holdings in Travel + Leisure were worth $446,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System acquired a new stake in Travel + Leisure during the 4th quarter valued at approximately $794,000. Retirement Systems of Alabama increased its holdings in Travel + Leisure by 87.9% in the fourth quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock valued at $11,016,000 after buying an additional 131,796 shares during the last quarter. Bailard Inc. acquired a new stake in Travel + Leisure during the fourth quarter valued at approximately $453,000. Jump Financial LLC lifted its holdings in Travel + Leisure by 222.0% during the 4th quarter. Jump Financial LLC now owns 49,479 shares of the company’s stock worth $1,934,000 after buying an additional 34,114 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Travel + Leisure in the 4th quarter worth approximately $517,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Travel + Leisure Price Performance
Travel + Leisure stock opened at $43.34 on Friday. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.02. The stock has a market capitalization of $3.09 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.63. The firm has a 50 day simple moving average of $45.50 and a 200-day simple moving average of $42.34.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, analysts forecast that Travel + Leisure Co. will post 5.53 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. Travel + Leisure’s payout ratio is currently 36.83%.
Analysts Set New Price Targets
TNL has been the subject of a number of research reports. JMP Securities began coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price objective for the company. Barclays boosted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Truist Financial increased their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Mizuho started coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.83.
Insider Activity at Travel + Leisure
In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Travel + Leisure news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the transaction, the insider now directly owns 15,860 shares in the company, valued at approximately $716,554.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Savina sold 6,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock valued at $1,318,358 over the last ninety days. Insiders own 4.02% of the company’s stock.
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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