Public Employees Retirement System of Ohio Has $1.01 Million Stock Position in Travel + Leisure Co. $TNL

Public Employees Retirement System of Ohio trimmed its position in Travel + Leisure Co. (NYSE:TNL) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,505 shares of the company’s stock after selling 729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Travel + Leisure were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Travel + Leisure by 28.3% in the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock worth $83,241,000 after buying an additional 403,418 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Travel + Leisure by 3.3% in the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after buying an additional 34,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after buying an additional 79,430 shares during the last quarter. LSV Asset Management lifted its stake in shares of Travel + Leisure by 37.7% in the first quarter. LSV Asset Management now owns 956,109 shares of the company’s stock worth $44,258,000 after buying an additional 261,528 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Travel + Leisure in the first quarter worth $41,114,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 0.5%

Shares of NYSE TNL opened at $61.82 on Friday. The business has a fifty day simple moving average of $61.06 and a 200 day simple moving average of $53.18. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.60 and a beta of 1.47. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $64.11.

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

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, September 12th. Travel + Leisure’s dividend payout ratio is currently 38.62%.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the transaction, the director directly owned 559 shares in the company, valued at $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the transaction, the insider owned 142,553 shares of the company’s stock, valued at $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 320,174 shares of company stock valued at $19,765,874. 3.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research report on Saturday, September 27th. Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $72.00 in a research report on Thursday, July 24th. JMP Securities increased their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 24th. Wall Street Zen raised Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Barclays increased their price objective on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research report 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.30.

Travel + Leisure Company Profile

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.