Retirement Systems of Alabama increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 0.1% during the first quarter, according to its latest 13F filing with the SEC. The institutional investor held 282,037 shares of the company after purchasing an additional 238 shares during the period. Retirement Systems of Alabama owned about 0.40% of Travel + Leisure worth $13,809,000 in its latest SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings in the company. Norges Bank purchased a new position in shares of Travel + Leisure in the 4th quarter worth $34,967,000. Vanguard Group Inc. increased its holdings in Travel + Leisure by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after acquiring an additional 466,640 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Travel + Leisure by 1,025.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock worth $9,627,000 after acquiring an additional 179,149 shares in the last quarter. During the fourth quarter, Bank of Nova Scotia acquired a new position in Travel + Leisure worth $4,496,000. Finally, Commerce Bank increased its holdings in Travel + Leisure by 788.5% during the fourth quarter. Commerce Bank now owns 106,327 shares of the company’s stock worth $4,156,000 after acquiring an additional 94,360 shares during the last quarter. 87.54% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
Several equity research analysts have recently commented on TNL shares. Barclays raised their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Mizuho began coverage of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and a consensus price target of $54.83.
Check out our latest travel and leisure research report
Performance of stocks in the Travel and Leisure sector
Travel + Leisure stock opened at $43.10 on Friday. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The stock’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $43.50. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 7.94, a price-to-earnings/g ratio of 2.43, and a beta of 1.63.
Travel + Leisure (NYSE: TNL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported earnings per share (EPS) of $0.97 for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. Travel + Leisure reported a negative return on equity of 44.34% and a net margin of 10.54%. The company had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same period last year, the company posted EPS of $0.89. The company’s quarterly revenue increased 4.2% compared to the same quarter last year. Equities research analysts predict that Travel + Leisure Co. will post EPS of 5.53 for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th received a dividend of $0.50 per share. This represents an annualized dividend of $2.00 and a dividend yield of 4.64%. The ex-dividend date was Friday, June 14th. Travel + Leisure’s dividend payout ratio is currently 36.83%.
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 also provides financing to consumers in connection with the sale of VOIs and property management services at resorts.
Further reading
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