California Public Employees Retirement System Acquires 775 Shares of Travel + Leisure Co. (NYSE:TNL)

California Public Employees Retirement System increased its stake in Travel + Leisure Co. (NYSE:TNL) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 134,612 shares of the company’s stock after buying an additional 775 shares during the quarter. California Public Employees Retirement System owned 0.19% of Travel + Leisure worth $5,262,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quent Capital LLC grew its position in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after acquiring an additional 278 shares during the period. Allworth Financial LP grew its holdings in Travel + Leisure by 147.5% during the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the period. Wright Investors Service Inc. increased its position in Travel + Leisure by 1.7% in the third quarter. Wright Investors Service Inc. now owns 31,522 shares of the company’s stock worth $1,158,000 after buying an additional 527 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Travel + Leisure by 42.8% in the third quarter. Fifth Third Bancorp now owns 2,033 shares of the company’s stock valued at $75,000 after buying an additional 609 shares during the period. Finally, Swiss National Bank lifted its position in shares of Travel + Leisure by 0.5% during the 3rd quarter. Swiss National Bank now owns 167,700 shares of the company’s stock valued at $6,160,000 after buying an additional 900 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Insider Activity

In related news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction dated Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 2,969 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now owns 2,193 shares in the company, valued at $99,408.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,922 shares of company stock worth $1,318,358. 4.02% of the stock is currently owned by insiders.

Travel + Leisure Trading Up 0.4 %

TNL stock opened at $44.70 on Friday. The firm has a 50 day moving average of $45.72 and a 200-day moving average of $40.96. The firm has a market capitalization of $3.19 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 2.51 and a beta of 1.63. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $916.00 million during the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. Sell-side analysts predict that Travel + Leisure Co. will post 5.52 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TNL shares. JMP Securities assumed coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price objective for the company. Truist Financial boosted their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barclays upped their price target on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

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.