State of Alaska Department of Revenue decreased its position in shares of Travel + Leisure Co. (NYSE: TNL – Free Report ) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,016 shares of the company’s stock after selling 835 shares during the period. State of Alaska Department of Revenue’s holdings in Travel + Leisure were worth $313,000 as of its most recent SEC filing.
Other hedge funds have also 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 valued at approximately $31,000. Lazard Asset Management LLC acquired a new stake in Travel + Leisure in the first quarter valued at approximately $34,000. Quent Capital LLC increased its position in Travel + Leisure by 100.0% in the third quarter. Quent Capital LLC now owns 1,176 shares of the company’s stock valued at $43,000 after acquiring an additional 588 shares during the period. Perkins Coie Trust Co acquired a new stake in Travel + Leisure in the third quarter valued at approximately $55,000. Finally, CWM LLC increased its position in Travel + Leisure by 332.7% in the third quarter. CWM LLC now owns 2,025 shares of the company’s stock valued at $74,000 after acquiring an additional 1,557 shares during the period. Institutional investors own 87.54% of the company’s shares.
Inside Travel + Leisure
In related news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00 for a total value of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Additionally, insider James J. Savina sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 28,922 shares of company stock worth $1,318,358. Insiders own 2.07% of the company’s stock.
Promote and demote an analyst
Several equities analysts recently issued reports on TNL shares. Mizuho began coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Truist Financial boosted their target price on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $57.00 in a report on Tuesday, January 2nd. Barclays upped their target price on Travel + Leisure from $37.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Finally, JMP Securities began coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.63, according to MarketBeat data.
Read our latest research report on TNL
Travel and leisure stocks fell 3.1%
Shares of Travel + Leisure stock opened at $44.30 on Friday. The stock has a market cap of $3.16 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. The business has a fifty day simple moving average of $44.83 and a 200 day simple moving average of $39.94. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.02.
Travel + Leisure (NYSE:TNL – Get Your Free Report ) last posted its earnings results on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.37 by $0.61. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $946.56 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. Travel + Leisure’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted earnings of $1.30 per share. Analysts expect Travel + Leisure Co. to post 5.4 EPS for the current fiscal year.
Travel + leisure increases the dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a dividend of $2.00 per year and a yield of 4.51%. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.59%.
About Travel + Leisure
(Free report)
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 and provides consumer financing in connection with the sale of VOIs; and resort property management services.
See also
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