Envestnet Portfolio Solutions Inc. bought a new position in Travel + Leisure Co. (NYSE:TNL – FREE REPORT ) during the first quarter, according to the latest Form 13F filed with the Securities and Exchange Commission. The fund purchased 4,313 shares of the company’s stock, worth about $211,000.
Several other institutional investors and hedge funds also modified their holdings in TNL. Texas Permanent School Fund increased its holdings in Travel+Leisure by 1.4% in the first quarter. Texas Permanent School Fund now owns 63,271 shares of the company valued at $3,098,000 after purchasing an additional 844 shares in the last quarter. WBI Investments LLC purchased a new position in Travel+Leisure during the first quarter valued at approximately $992,000. Coronation Fund Managers increased its holdings in Travel+Leisure by 5.0% in the first quarter. Coronation Fund Managers acquired an additional 5,088 shares of the company during the first quarter and now owns 107,824 shares valued at $5,279,000. Commerce Bank increased its holdings in Travel+Leisure by 53.4% in the first quarter. Commerce Bank now holds 163,102 shares of the company’s stock, valued at $7,985,000, after acquiring an additional 56,775 shares during the last quarter. Finally, Right Investors Services Inc. increased its holdings in Travel + Leisure’s stock by 39.4% during the first quarter. Right Investors Services Inc. now holds 37,808 shares of the company’s stock, valued at $1,851,000, after acquiring an additional 10,689 shares during the period. 87.54% of the stock is now owned by hedge funds and other institutional investors.
Wall Street analysts predict growth
A number of equities research analysts have recently commented on the company. JPMorgan Chase increased their price target on Travel & Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday. Mizuho began covering Travel & Leisure in a report on Tuesday, March 26th. The firm gave the company a “neutral” rating and a $55.00 price target. Finally, Barclays increased their price target on Travel & Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Two research analysts have assigned a hold rating to the stock, while five have assigned a buy rating to it. According to MarketBeat data, the company’s current consensus rating is a “moderate buy” with a consensus price target of $56.00.
Read the latest Travel + Leisure report
Travel + Leisure Price Performance
Shares of NYSE:TNL opened trading at $48.50 on Monday. The company has a market cap of $3.46 billion, a price-to-earnings ratio (PE) of 8.93, a price-to-earnings ratio (PEG) of 2.71 and a beta of 1.63. Travel + Leisure Co.’s 12-month low is $32.10 and its high is $49.91. The company’s 50-day moving average is $44.78 and its 200-day moving average is $44.05.
Travel + Leisure (NYSE:TNL – get free report ) announced its latest earnings results on Wednesday, April 24th. The company reported quarterly earnings per share (EPS) of $0.97, beating analysts’ consensus estimates of $0.85 by $0.12. The company’s revenue for the quarter was $916 million, beating the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a return on equity of -44.34%. The company’s revenue grew 4.2% year-over-year. The company’s EPS was $0.89 during the same quarter last year. Research analysts expect Travel + Leisure to post earnings per share of $5.53 for the current year.
Travel + Leisure announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.50 per share. The ex-dividend date for this dividend was Friday, June 14th. This equates to an annualized dividend of $2.00, or a dividend yield of 4.12%. Travel + Leisure has a dividend payout ratio of 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 through two segments: Vacation Ownership and Travel & Memberships. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to private consumers, as well as providing consumer financing in connection with the sale of VOIs and property management services at resorts.
read more
Receive Travel + Leisure Daily news and reviews –Enter your email address below to receive a concise summary of the latest news and analyst ratings on Travel + Leisure and related companies every day with MarketBeat.com’s free email newsletter.
