Travel + Leisure Co. (NYSE:TNL) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,558 shares of the company’s stock after buying an additional 3,359 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Travel + Leisure worth $2,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB acquired a new position in Travel + Leisure during the first quarter worth about $33,598,000. Millennium Management LLC grew its holdings in Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after buying an additional 500,554 shares during the last quarter. Acadian Asset Management LLC increased its position in Travel + Leisure by 318.4% during the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock worth $18,217,000 after buying an additional 308,391 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Travel + Leisure in the second quarter valued at $7,480,000. Finally, LSV Asset Management boosted its stake in shares of Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after acquiring an additional 136,281 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. The trade was a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $4,544,170 over the last quarter. Company insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Tigress Financial boosted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. The Goldman Sachs Group upped their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $53.78 on Friday. Travel + Leisure Co. has a 1 year low of $35.41 and a 1 year high of $54.79. The stock has a 50-day simple moving average of $47.01 and a 200-day simple moving average of $45.28. The stock has a market capitalization of $3.68 billion, a P/E ratio of 9.13, a PEG ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. Analysts predict 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 will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio 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.