Mutual of America Capital Management LLC Sells 1,569 Shares of Travel + Leisure Co. (NYSE:TNL)

Mutual of America Capital Management LLC lowered its stake in Travel + Leisure Co. (NYSE:TNL) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,135 shares of the company’s stock after selling 1,569 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Travel + Leisure worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC grew its holdings in Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after buying an additional 12,111 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Travel + Leisure by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company’s stock worth $45,691,000 after purchasing an additional 45,447 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travel + Leisure by 21.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after purchasing an additional 138,153 shares during the period. Algert Global LLC boosted its holdings in shares of Travel + Leisure by 168.9% in the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after purchasing an additional 200,549 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Travel + Leisure by 1.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock worth $13,412,000 after purchasing an additional 3,841 shares during the period. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

NYSE TNL opened at $53.61 on Friday. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The company has a market cap of $3.58 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The stock’s 50 day simple moving average is $53.86 and its 200-day simple moving average is $50.44.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. On average, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.18%. Travel + Leisure’s dividend payout ratio (DPR) is 34.25%.

Analysts Set New Price Targets

TNL has been the subject of a number of research analyst reports. Barclays raised their price target on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Mizuho reaffirmed a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. Finally, Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and a consensus price target of $63.70.

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.