Travel + Leisure Co. (NYSE:TNL) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,764 shares of the company’s stock after acquiring an additional 6,604 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Travel + Leisure worth $2,649,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Travel + Leisure by 147.5% during the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after acquiring an additional 416 shares during the period. GAMMA Investing LLC purchased a new position in Travel + Leisure in the 4th quarter worth about $36,000. Arlington Trust Co LLC purchased a new position in Travel + Leisure in the 4th quarter worth about $53,000. Quent Capital LLC increased its stake in Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after purchasing an additional 278 shares in the last quarter. Finally, CWM LLC increased its stake in Travel + Leisure by 332.7% in the 3rd quarter. CWM LLC now owns 2,025 shares of the company’s stock worth $74,000 after purchasing an additional 1,557 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Savina sold 15,000 shares of the business’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 value of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares of the company’s stock, 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 worth $1,318,358 in the last three months. 4.02% of the stock is owned by insiders.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $43.54 on Wednesday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.20 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The stock has a 50-day simple moving average of $45.70 and a 200-day simple moving average of $40.73.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $916.00 million during the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities research analysts predict that Travel + Leisure Co. will post 5.52 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.59%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure’s payout ratio is currently 36.83%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TNL. Mizuho began coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target on the stock. JMP Securities began coverage on Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target on the stock. Truist Financial raised their price objective on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Finally, Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.83.

Travel + Leisure Profile

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.