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 Travel + Leisure Co. (NYSE:TNL) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,575 shares of the company’s stock after selling 490 shares during the quarter. 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 reporting period.

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

Travel + Leisure Trading Up 0.9 %

NYSE:TNL opened at $44.15 on Friday. The firm has a fifty day simple moving average of $47.46 and a two-hundred day simple moving average of $50.53. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $933.08 million. Equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.07%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is 37.40%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown acquired 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, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TNL. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial increased their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Morgan Stanley reduced their target price on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

About Travel + Leisure

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.