Public Employees Retirement Association of Colorado Decreases Stock Position in Travel + Leisure Co. (NYSE:TNL)

Public Employees Retirement Association of Colorado decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,383 shares of the company’s stock after selling 410 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Travel + Leisure were worth $377,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after buying an additional 466,640 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Travel + Leisure by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock worth $63,547,000 after acquiring an additional 57,587 shares during the last quarter. Norges Bank acquired a new position in Travel + Leisure during the 4th quarter worth approximately $34,967,000. LSV Asset Management increased its position in shares of Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $33,598,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TNL. JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Tigress Financial boosted their target price on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Truist Financial lowered their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, The Goldman Sachs Group began coverage on shares of Travel + Leisure in a report on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $46.59 on Friday. The firm’s fifty day simple moving average is $43.67 and its 200-day simple moving average is $44.72. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.91. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.63 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. Travel + Leisure’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 earnings per share. Analysts anticipate that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.29%. Travel + Leisure’s payout ratio is currently 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.