New York State Teachers Retirement System Has $5.45 Million Stock Holdings in Travel + Leisure Co. $TNL

New York State Teachers Retirement System decreased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,548 shares of the company’s stock after selling 391 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of Travel + Leisure worth $5,447,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Elequin Capital LP acquired a new position in Travel + Leisure during the 1st quarter worth $30,000. Geneos Wealth Management Inc. lifted its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure during the 1st quarter worth $54,000. Rossby Financial LCC acquired a new position in Travel + Leisure during the 1st quarter worth $55,000. Finally, Parallel Advisors LLC lifted its holdings in Travel + Leisure by 17.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock worth $62,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday. Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their price target for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. JMP Securities increased their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Finally, Barclays increased their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.30.

Travel + Leisure Stock Up 0.1%

TNL opened at $60.16 on Tuesday. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11. The company has a fifty day simple moving average of $61.10 and a 200 day simple moving average of $54.27. The stock has a market cap of $3.91 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $1.52 EPS. Travel + Leisure’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were given a $0.56 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.7%. Travel + Leisure’s dividend payout ratio is currently 38.62%.

Insiders Place Their Bets

In other news, insider Michael Dean Brown bought 1,500 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $58.39 per share, for a total transaction of $87,585.00. Following the acquisition, the insider owned 427,821 shares in the company, valued at approximately $24,980,468.19. This trade represents a 0.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the transaction, the chief accounting officer owned 20,000 shares of the company’s stock, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 299,389 shares of company stock worth $18,567,207 over the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

About Travel + Leisure

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, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.