Mutual of America Capital Management LLC Has $1.71 Million Holdings in Travel + Leisure Co. $TNL

Mutual of America Capital Management LLC cut its holdings in Travel + Leisure Co. (NYSE:TNL) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,030 shares of the company’s stock after selling 2,176 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Travel + Leisure worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in shares of Travel + Leisure by 17.8% in the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock valued at $62,000 after purchasing an additional 182 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Travel + Leisure by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $117,000 after purchasing an additional 220 shares during the last quarter. KBC Group NV raised its holdings in shares of Travel + Leisure by 8.1% in the first quarter. KBC Group NV now owns 3,128 shares of the company’s stock valued at $145,000 after purchasing an additional 235 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Travel + Leisure by 9.5% in the second quarter. IFP Advisors Inc now owns 3,008 shares of the company’s stock valued at $155,000 after purchasing an additional 262 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Travel + Leisure by 3.0% in the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock valued at $499,000 after purchasing an additional 317 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $65.21 on Monday. The stock has a 50-day simple moving average of $61.47 and a 200 day simple moving average of $54.97. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $70.43. The stock has a market capitalization of $4.19 billion, a P/E ratio of 10.73, a PEG ratio of 0.63 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current 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 given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure’s payout ratio is 36.84%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of Travel + Leisure stock in a transaction on Tuesday, August 12th. The shares were 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 of the company’s stock, valued at $33,808.32. The trade was a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Geoffrey Richards sold 1,404 shares of Travel + Leisure stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $64.50, for a total transaction of $90,558.00. Following the transaction, the insider directly owned 139,615 shares of the company’s stock, valued at approximately $9,005,167.50. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,104 shares of company stock valued at $1,296,114. 3.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TNL. The Goldman Sachs Group lifted their price objective on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a report on Friday. Barclays boosted their target price on shares of Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, JMP Securities boosted their target price on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.90.

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.