Louisiana State Employees Retirement System Boosts Holdings in Travel + Leisure Co. (NYSE:TNL)
Louisiana State Employees Retirement System boosted its position in Travel + Leisure Co. (NYSE:TNL – Get Rating) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,600 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Travel + Leisure were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Travel + Leisure by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 3,376,148 shares of the company’s stock valued at $186,571,000 after buying an additional 87,786 shares in the last quarter. Boston Partners raised its position in shares of Travel + Leisure by 8.3% during the 4th quarter. Boston Partners now owns 3,250,244 shares of the company’s stock valued at $179,815,000 after buying an additional 247,946 shares in the last quarter. State Street Corp raised its position in shares of Travel + Leisure by 1.0% during the 4th quarter. State Street Corp now owns 2,284,020 shares of the company’s stock valued at $126,238,000 after buying an additional 22,497 shares in the last quarter. Senvest Management LLC raised its position in shares of Travel + Leisure by 3.7% during the 4th quarter. Senvest Management LLC now owns 2,259,745 shares of the company’s stock valued at $124,896,000 after buying an additional 81,225 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Travel + Leisure by 12.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,904,911 shares of the company’s stock valued at $105,285,000 after buying an additional 210,687 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
Several analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $79.00 in a research report on Friday, April 29th. Barclays began coverage on shares of Travel + Leisure in a report on Tuesday, June 28th. They set an “equal weight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.60.
In other Travel + Leisure news, insider James J. Savina sold 5,500 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $57.19, for a total value of $314,545.00. Following the sale, the insider now owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.07% of the stock is owned by company insiders.
TNL stock opened at $40.27 on Monday. Travel + Leisure Co. has a 52 week low of $37.67 and a 52 week high of $63.19. The firm’s fifty day moving average is $46.46 and its 200 day moving average is $52.40. The firm has a market cap of $3.44 billion, a P/E ratio of 10.65 and a beta of 1.73.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The firm had revenue of $809.00 million during the quarter, compared to the consensus estimate of $772.11 million. Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. Travel + Leisure’s revenue was up 28.8% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. As a group, equities analysts predict that Travel + Leisure Co. will post 4.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Tuesday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 42.33%.
Travel + Leisure Company Profile (Get Rating)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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