California Public Employees Retirement System Purchases 15,383 Shares of Travel + Leisure Co. $TNL

California Public Employees Retirement System lifted its position in Travel + Leisure Co. (NYSE:TNL) by 10.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,580 shares of the company’s stock after acquiring an additional 15,383 shares during the period. California Public Employees Retirement System’s holdings in Travel + Leisure were worth $10,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. Danske Bank A S bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure in the fourth quarter worth $43,000. Assetmark Inc. raised its holdings in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock valued at $88,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the topic of a number of research reports. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Mizuho boosted their price objective on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $86.90.

Travel + Leisure Trading Up 0.8%

Shares of NYSE:TNL opened at $74.07 on Friday. The stock has a fifty day simple moving average of $72.53 and a two-hundred day simple moving average of $71.70. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 0.56 and a beta of 1.16. Travel + Leisure Co. has a 12-month low of $56.66 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. Travel + Leisure’s payout ratio is presently 65.57%.

Insider Buying and Selling

In related news, Director George Herrera sold 500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the sale, the insider directly owned 33,191 shares in the company, valued at $2,329,012.47. This trade represents a 45.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,000 shares of company stock worth $2,161,915 in the last quarter. Corporate insiders own 4.01% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.