Louisiana State Employees Retirement System Acquires Shares of 18,700 Travel + Leisure Co. $TNL

Louisiana State Employees Retirement System bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the 1st quarter, Holdings Channel reports. The fund bought 18,700 shares of the company’s stock, valued at approximately $1,294,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S acquired a new position in shares of Travel + Leisure in the third quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure during the 4th quarter valued at approximately $43,000. Geneos Wealth Management Inc. grew its stake in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Travel + Leisure by 27.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after purchasing an additional 265 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Travel + Leisure by 17.8% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock worth $90,000 after purchasing an additional 193 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays dropped their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Monday, June 1st. Morgan Stanley reduced their price objective on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.40.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denny Marie Post sold 2,500 shares of Travel + Leisure stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the sale, the director directly owned 1,977 shares in the company, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,074 shares of company stock worth $3,907,122 over the last 90 days. Corporate insiders own 4.01% of the company’s stock.

Travel + Leisure Trading Down 0.1%

Shares of NYSE TNL opened at $76.55 on Friday. Travel + Leisure Co. has a 12-month low of $55.26 and a 12-month high of $81.00. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 0.58 and a beta of 1.16. The stock’s 50 day simple moving average is $69.63 and its 200 day simple moving average is $71.45.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.80 million. During the same period in the prior year, the business earned $1.11 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure Co. will post 7.47 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, June 30th. Investors of record on Friday, June 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.