Travel + Leisure Co. (NYSE:TNL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,944 shares of the company’s stock after selling 10,203 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Travel + Leisure worth $2,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its holdings in Travel + Leisure by 147.5% in 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 during the period. Arlington Trust Co LLC acquired a new position in shares of Travel + Leisure in the 4th quarter worth approximately $53,000. Quent Capital LLC boosted 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 worth $57,000 after purchasing an additional 278 shares during the period. Fifth Third Bancorp increased its holdings in Travel + Leisure by 42.8% in the 3rd quarter. Fifth Third Bancorp now owns 2,033 shares of the company’s stock valued at $75,000 after purchasing an additional 609 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Travel + Leisure by 3,808.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,495 shares of the company’s stock valued at $176,000 after purchasing an additional 4,380 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travel + Leisure

In other news, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the transaction, the insider now owns 15,860 shares in the company, valued at approximately $716,554.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider James J. Savina sold 15,000 shares of the business’s stock in a transaction dated 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 directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The disclosure for this sale can be found here. Insiders have sold 28,922 shares of company stock worth $1,318,358 over the last three months. Insiders own 4.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial raised their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target on the stock. Mizuho began coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Barclays upped their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

Travel + Leisure Stock Down 0.0 %

Shares of NYSE:TNL opened at $45.45 on Wednesday. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The firm’s 50 day moving average price is $45.74 and its 200 day moving average price is $41.18. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.63.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.40%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio is 36.83%.

Travel + Leisure Company 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.