Swiss National Bank cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,700 shares of the company’s stock after selling 22,000 shares during the period. Swiss National Bank’s holdings in Travel + Leisure were worth $5,695,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TNL. Allworth Financial LP boosted its stake in Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after purchasing an additional 416 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Travel + Leisure during the fourth quarter worth about $36,000. Arlington Trust Co LLC purchased a new position in shares of Travel + Leisure during the fourth quarter worth about $53,000. Quent Capital LLC increased its position in Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after acquiring an additional 278 shares during the period. Finally, Fifth Third Bancorp raised its stake in Travel + Leisure by 42.8% during the 3rd quarter. Fifth Third Bancorp now owns 2,033 shares of the company’s stock valued at $75,000 after acquiring an additional 609 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.
Travel + Leisure Trading Up 1.0 %
TNL stock opened at $46.11 on Friday. Travel + Leisure Co. has a 52 week low of $32.10 and a 52 week high of $49.02. The company has a market cap of $3.29 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.56 and a beta of 1.63. The company’s 50-day moving average price is $45.82 and its 200 day moving average price is $41.68.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same quarter in the prior year, the firm posted $0.89 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Travel + Leisure Co. will post 5.52 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.34%. Travel + Leisure’s dividend payout ratio is presently 36.83%.
Insider Transactions at Travel + Leisure
In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George Herrera sold 2,969 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the transaction, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares in the company, valued at $716,554.80. 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 in the last ninety days. Corporate insiders own 4.02% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on TNL. Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price on the stock. JMP Securities started coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective for the company. Barclays lifted their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Truist Financial increased their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.
Read Our Latest Stock Report on Travel + Leisure
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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