Diversified Trust Co boosted its holdings in Travel + Leisure Co. (NYSE:TNL – Get Rating) by 160.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,504 shares of the company’s stock after purchasing an additional 6,473 shares during the period. Diversified Trust Co’s holdings in Travel + Leisure were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in Travel + Leisure by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the company’s stock valued at $1,227,000 after purchasing an additional 200 shares in the last quarter. Eaton Vance Management grew its position in Travel + Leisure by 0.6% in the fourth quarter. Eaton Vance Management now owns 35,430 shares of the company’s stock valued at $1,658,000 after purchasing an additional 208 shares in the last quarter. Capital Analysts LLC grew its position in Travel + Leisure by 80.2% in the fourth quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after purchasing an additional 210 shares in the last quarter. Advisor Partners LLC grew its position in Travel + Leisure by 4.5% in the fourth quarter. Advisor Partners LLC now owns 5,808 shares of the company’s stock valued at $322,000 after purchasing an additional 248 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in Travel + Leisure by 1.4% in the fourth quarter. State of Michigan Retirement System now owns 21,913 shares of the company’s stock valued at $1,211,000 after purchasing an additional 300 shares in the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.
Separately, Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $79.00 in a research report on Friday, April 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Travel + Leisure has an average rating of “Buy” and an average price target of $76.60.
Shares of TNL opened at $39.00 on Thursday. The firm has a 50-day moving average of $49.82 and a 200-day moving average of $53.25. Travel + Leisure Co. has a one year low of $38.66 and a one year high of $63.19. The company has a market cap of $3.33 billion, a PE ratio of 10.32 and a beta of 1.67.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $809.00 million for the quarter, compared to the consensus estimate of $772.11 million. Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. As a group, analysts expect that Travel + Leisure Co. will post 4.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, June 14th. Travel + Leisure’s payout ratio is 42.33%.
In related news, insider James J. Savina sold 5,500 shares of Travel + Leisure stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $57.19, for a total transaction of $314,545.00. Following the completion of the sale, the insider now owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.07% of the company’s stock.
About Travel + Leisure (Get Rating)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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