State of New Jersey Common Pension Fund D Has $2.65 Million Stake in Travel + Leisure Co. (NYSE:TNL)

State of New Jersey Common Pension Fund D raised its stake in Travel + Leisure Co. (NYSE:TNL) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,764 shares of the company’s stock after buying an additional 6,604 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Travel + Leisure were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TNL. CWM LLC lifted its stake in Travel + Leisure by 332.7% in the third quarter. CWM LLC now owns 2,025 shares of the company’s stock valued at $74,000 after buying an additional 1,557 shares during the period. Raymond James & Associates lifted its stake in Travel + Leisure by 3.3% in the third quarter. Raymond James & Associates now owns 30,229 shares of the company’s stock valued at $1,110,000 after buying an additional 955 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Travel + Leisure by 10.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the company’s stock worth $576,000 after purchasing an additional 1,511 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Travel + Leisure during the third quarter worth about $223,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Travel + Leisure by 154,414.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,816 shares of the company’s stock worth $397,000 after purchasing an additional 10,809 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $43.54 on Wednesday. The business’s 50 day simple moving average is $45.70 and its 200 day simple moving average is $40.73. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The firm has a market cap of $3.10 billion, a PE ratio of 8.02, a P/E/G ratio of 1.20 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $916.00 million during 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 revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. As a group, equities research analysts predict that Travel + Leisure Co. will post 5.52 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the transaction, the insider now directly owns 26,442 shares in the company, valued at $1,242,774. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last ninety days. 4.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TNL. Barclays raised their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Truist Financial raised their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Mizuho began coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, JMP Securities started coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.83.

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.