Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,107 shares of the company’s stock after selling 271 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Travel + Leisure were worth $762,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Travel + Leisure in the 4th quarter valued at $25,000. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares in the company, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TNL shares. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays raised their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho reiterated a “neutral” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Tigress Financial upped their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $47.95 on Thursday. The firm’s 50-day moving average is $53.20 and its two-hundred day moving average is $50.85. Travel + Leisure Co. has a 12-month low of $39.91 and a 12-month high of $58.95. The company has a market capitalization of $3.20 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the prior year, the firm earned $1.98 EPS. Travel + Leisure’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.56 dividend. This is an increase 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 4.67%. Travel + Leisure’s payout ratio is presently 38.36%.

About Travel + Leisure

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.