Mutual of America Capital Management LLC boosted its stake in Travel + Leisure Co. (NYSE:TNL – Get Rating) by 2.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,696 shares of the company’s stock after buying an additional 1,508 shares during the period. Mutual of America Capital Management LLC’s holdings in Travel + Leisure were worth $4,560,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new position in shares of Travel + Leisure during the 1st quarter valued at about $25,000. Capital Analysts LLC boosted its position in shares of Travel + Leisure by 80.2% during the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after purchasing an additional 210 shares in the last quarter. Quent Capital LLC bought a new position in shares of Travel + Leisure during the 4th quarter valued at about $36,000. Fieldpoint Private Securities LLC boosted its position in shares of Travel + Leisure by 768.8% during the 1st quarter. Fieldpoint Private Securities LLC now owns 695 shares of the company’s stock valued at $40,000 after purchasing an additional 615 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Travel + Leisure by 101.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 777 shares of the company’s stock valued at $43,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 87.70% of the company’s stock.
Insider Transactions at Travel + Leisure
In other news, insider James J. Savina sold 5,500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 13,659 shares of the company’s stock, valued at $781,158.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.07% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities 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 assumed coverage on shares of Travel + Leisure in a research report on Tuesday, June 28th. They set an “equal weight” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.60.
Travel + Leisure Trading Down 0.7 %
TNL stock opened at $43.84 on Monday. Travel + Leisure Co. has a one year low of $37.67 and a one year high of $63.19. The firm has a market capitalization of $3.74 billion, a PE ratio of 11.60 and a beta of 1.73. The firm has a 50-day moving average of $44.50 and a two-hundred day moving average of $51.43.
Travel + Leisure (NYSE:TNL – Get Rating) last posted 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 company had revenue of $809.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 28.8% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. On average, equities research analysts anticipate that Travel + Leisure Co. will post 4.54 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Tuesday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is 42.33%.
Travel + Leisure Company Profile
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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