New York State Teachers Retirement System Has $4.99 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

New York State Teachers Retirement System boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 108,283 shares of the company’s stock after buying an additional 6,513 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Travel + Leisure worth $4,990,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in shares of Travel + Leisure by 11.1% during the first quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock worth $582,000 after acquiring an additional 1,184 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Travel + Leisure by 20.2% during the first quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock worth $1,986,000 after buying an additional 6,807 shares during the period. Commerce Bank grew its holdings in shares of Travel + Leisure by 53.4% during the first quarter. Commerce Bank now owns 163,102 shares of the company’s stock worth $7,985,000 after buying an additional 56,775 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Travel + Leisure by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock valued at $3,098,000 after buying an additional 844 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Travel + Leisure in the 1st quarter valued at approximately $211,000. Institutional investors own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TNL has been the subject of several research reports. Truist Financial decreased their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Tigress Financial boosted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Barclays upped their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,439 shares of company stock worth $4,032,971 over the last quarter. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Up 1.6 %

TNL opened at $49.90 on Wednesday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.70 and a beta of 1.61. Travel + Leisure Co. has a 12-month low of $34.12 and a 12-month high of $49.91. The business has a 50 day moving average of $45.32 and a 200-day moving average of $44.79.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. As a group, analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a yield of 4.01%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

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.