Fifth Third Bancorp raised its stake in shares of Travel + Leisure Co. (NYSE:TNL – Get Rating) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,144 shares of the company’s stock after buying an additional 331 shares during the quarter. Fifth Third Bancorp’s holdings in Travel + Leisure were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of TNL. Crossmark Global Holdings Inc. grew its holdings in shares of Travel + Leisure by 5.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,775 shares of the company’s stock valued at $430,000 after purchasing an additional 390 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Travel + Leisure by 0.9% in 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 in the last quarter. Pendal Group Ltd purchased a new position in shares of Travel + Leisure in the fourth quarter valued at $354,000. Retirement Systems of Alabama grew its holdings in shares of Travel + Leisure by 1.1% in the fourth quarter. Retirement Systems of Alabama now owns 113,005 shares of the company’s stock valued at $6,246,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Travel + Leisure by 78.3% in the fourth quarter. Huntington National Bank now owns 1,337 shares of the company’s stock valued at $74,000 after purchasing an additional 587 shares in the last quarter. 87.70% of the stock is owned by hedge funds and other institutional investors.
In other news, insider James J. Savina sold 5,500 shares of Travel + Leisure stock in a transaction on Friday, April 29th. The stock was sold at an average price of $57.19, for a total transaction of $314,545.00. Following the completion of the sale, the insider now directly owns 13,659 shares in the company, valued at $781,158.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.07% of the stock is currently owned by company insiders.
TNL has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and raised their target price for the company from $62.00 to $79.00 in a report on Friday, April 29th. Barclays assumed coverage on Travel + Leisure in a research report on Tuesday, June 28th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.60.
Shares of TNL opened at $40.27 on Monday. The company has a market cap of $3.44 billion, a PE ratio of 10.65 and a beta of 1.73. The business has a fifty day moving average of $46.46 and a 200 day moving average of $52.40. Travel + Leisure Co. has a 52-week low of $37.67 and a 52-week high of $63.19.
Travel + Leisure (NYSE:TNL – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $772.11 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 4.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.97%. Travel + Leisure’s dividend payout ratio (DPR) is 42.33%.
Travel + Leisure Company 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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