Teachers Retirement System of The State of Kentucky Sells 490 Shares of Travel + Leisure Co. (NYSE:TNL)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,575 shares of the company’s stock after selling 490 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Travel + Leisure were worth $1,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TNL. Barclays PLC increased its holdings in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Travel + Leisure by 182.9% during the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock worth $2,337,000 after buying an additional 33,111 shares during the period. Versant Capital Management Inc grew its holdings in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares in the last quarter. GAMMA Investing LLC raised its position in Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock valued at $81,000 after buying an additional 379 shares during the last quarter. Finally, Oliver Luxxe Assets LLC lifted its stake in Travel + Leisure by 4.1% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,603 shares of the company’s stock valued at $2,099,000 after acquiring an additional 1,648 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 0.9 %

Shares of NYSE TNL opened at $44.15 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The business’s 50 day moving average is $47.46 and its 200-day moving average is $50.53. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $933.08 million. Analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.56 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Monday, March 17th. Travel + Leisure’s payout ratio is 37.40%.

Insiders Place Their Bets

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Tigress Financial boosted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Barclays decreased their price objective on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday. Truist Financial upped their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

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.