Fieldpoint Private Securities LLC Has $40,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Fieldpoint Private Securities LLC grew its stake in shares of Travel + Leisure Co. (NYSE:TNL – Get Rating) by 768.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 695 shares of the company’s stock after purchasing an additional 615 shares during the period. Fieldpoint Private Securities LLC’s holdings in Travel + Leisure were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in shares of Travel + Leisure by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the company’s stock valued at $1,227,000 after purchasing an additional 200 shares during the period. Eaton Vance Management raised its holdings in shares of Travel + Leisure by 0.6% during the fourth quarter. Eaton Vance Management now owns 35,430 shares of the company’s stock valued at $1,658,000 after purchasing an additional 208 shares during the period. Capital Analysts LLC raised its holdings in shares of Travel + Leisure by 80.2% during the fourth quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after purchasing an additional 210 shares during the period. Advisor Partners LLC raised its holdings in shares of Travel + Leisure by 4.5% during the fourth quarter. Advisor Partners LLC now owns 5,808 shares of the company’s stock valued at $322,000 after purchasing an additional 248 shares during the period. Finally, State of Michigan Retirement System raised its holdings in shares of Travel + Leisure by 1.4% during the fourth quarter. State of Michigan Retirement System now owns 21,913 shares of the company’s stock valued at $1,211,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 87.70% of the company’s stock.

In other Travel + Leisure news, insider James J. Savina sold 5,500 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the sale, the insider now directly owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.07% of the company’s stock.

Separately, Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $79.00 in a research report on Friday, April 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Travel + Leisure presently has a consensus rating of “Buy” and a consensus price target of $76.60.

NYSE:TNL opened at $39.00 on Thursday. The firm has a 50-day moving average of $49.82 and a 200-day moving average of $53.25. The company has a market cap of $3.33 billion, a PE ratio of 10.32 and a beta of 1.67. Travel + Leisure Co. has a one year low of $38.66 and a one year high of $63.19.

Travel + Leisure (NYSE:TNL – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The business had revenue of $809.00 million for the quarter, compared to the consensus estimate of $772.11 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company’s revenue was up 28.8% on a year-over-year basis. As a group, equities research analysts predict that Travel + Leisure Co. will post 4.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, June 14th. Travel + Leisure’s payout ratio is 42.33%.

Travel + Leisure Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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