State of Michigan Retirement System Buys 400 Shares of Travel + Leisure Co. (NYSE:TNL)

State of Michigan Retirement System boosted its stake in shares of Travel + Leisure Co. (NYSE:TNLFree Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,807 shares of the company’s stock after acquiring an additional 400 shares during the period. State of Michigan Retirement System’s holdings in Travel + Leisure were worth $872,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Travel + Leisure by 334.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Travel + Leisure in the 4th quarter valued at $36,000. Arlington Trust Co LLC bought a new position in shares of Travel + Leisure in the 4th quarter valued at $53,000. Finally, Quent Capital LLC increased its stake in shares of Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Down 0.7 %

Shares of TNL opened at $43.10 on Monday. The company has a market capitalization of $3.07 billion, a PE ratio of 7.94, a PEG ratio of 2.41 and a beta of 1.63. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The stock’s 50-day moving average price is $44.38 and its two-hundred day moving average price is $43.56.

Travel + Leisure (NYSE:TNLGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Equities research analysts predict that Travel + Leisure Co. will post 5.53 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TNL shares. Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Get Our Latest Research Report on Travel + Leisure

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

See Also

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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