Teacher Retirement System of Texas bought 14,754 shares of Travel + Leisure Co. (NYSE:TNL)

Teacher Retirement System of Texas raised its position in Travel + Leisure Co. (NYSE:TNL – Get Rating ) by 106.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,611 shares of the company’s stock after purchasing an additional 14,754 shares during the quarter. Teacher Retirement System of Texas’ holdings in Travel + Leisure were worth $976,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of Travel + Leisure in the first quarter worth about $31,000. Lazard Asset Management LLC bought a new stake in shares of Travel + Leisure in the first quarter worth about $34,000. Quadrant Capital Group LLC increased the position is in Travel + Leisure by 47.1% in the second quarter. Quadrant Capital Group LLC now owns 893 shares of the company’s stock valued at $35,000 after acquiring an additional 286 shares in the last quarter. Fieldpoint Private Securities LLC boosted its position in Travel + Leisure by 43.2% in the second quarter. Fieldpoint Private Securities LLC now owns 995 shares of the company’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Travel + Leisure during the third quarter worth about $37,000. 88.54% of the stock is owned by institutional investors.

Price presentation for travel + leisure

Shares of NYSE:TNL opened at $42.90 on Thursday. Travel + Leisure Co. has a 1-year low of $33.57 and a 1-year high of $63.19. The business has a 50 day simple moving average of $38.45 and a two hundred day simple moving average of $39.88. The firm has a market cap of $3.49 billion, a PE ratio of 9.86 and a beta of 1.68.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.40 dividend. The ex-dividend date was Wednesday, December 14th. This represents an annualized dividend of $1.60 and a dividend yield of 3.73%. Travel + Leisure’s payout ratio is 36.78%.

Wall Street analysts forecast growth

Several research analysts recently commented on TNL shares. Credit Suisse Group downgraded Travel + Leisure from an “outperform” rating to an “underperform” rating in a research report on Friday, October 28th. Barclays cut their target price on Travel + Leisure to $43.00 in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $69.00 to $62.00 in a research report on Friday, October 28th. Finally, Truist Financial reduced their target price on Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $61.00, according to MarketBeat .

Inside Travel + Leisure

In related news, Director George Herrera sold 882 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $38.58, for a total value of $34,027.56. Following the completion of the sale, the director now owns 40,320 shares in the company, valued at $1,555,545.60. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 2.07% of shares are owned by company insiders.

Travel + leisure profile

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Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members and subscribers through its products and services: Wyndham Destinations, the vacation ownership company with 230 vacation club resort locations worldwide, Panorama, a member travel business that includes a vacation exchange, industry travel technology and subscription travel brands and the Travel + Leisure Group, comprising online and print travel content, online booking platforms and travel clubs, and branded consumer products.

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