Travel + Leisure Co. (NYSE:TNL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of Travel + Leisure Co. (NYSE:TNLGet Rating) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,052 shares of the company’s stock after selling 12,254 shares during the period. California Public Employees Retirement System’s holdings in Travel + Leisure were worth $6,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Travel + Leisure by 13.9% in the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock valued at $568,206,000 after purchasing an additional 1,197,611 shares during the period. Vanguard Group Inc. lifted its stake in shares of Travel + Leisure by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 8,770,347 shares of the company’s stock valued at $508,154,000 after purchasing an additional 108,258 shares during the period. Invesco Ltd. lifted its stake in shares of Travel + Leisure by 11.8% in the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock valued at $350,980,000 after purchasing an additional 636,968 shares during the period. Boston Partners lifted its stake in shares of Travel + Leisure by 25.2% in the 1st quarter. Boston Partners now owns 4,068,039 shares of the company’s stock valued at $234,757,000 after purchasing an additional 817,795 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Travel + Leisure by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,420,744 shares of the company’s stock valued at $132,795,000 after purchasing an additional 17,122 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Credit Suisse Group cut shares of Travel + Leisure from an “outperform” rating to an “underperform” rating in a research note on Friday, October 28th. Barclays decreased their target price on shares of Travel + Leisure to $43.00 in a research note on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Travel + Leisure from $69.00 to $62.00 in a research report on Friday, October 28th. Stifel Nicolaus reduced their price objective on shares of Travel + Leisure from $76.00 to $61.00 in a research report on Thursday, July 28th. Finally, Truist Financial reduced their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure has an average rating of “Hold” and a consensus price target of $61.00.

Travel + Leisure Stock Performance

NYSE:TNL opened at $37.68 on Thursday. The company has a fifty day moving average of $37.72 and a two-hundred day moving average of $42.19. The stock has a market capitalization of $3.06 billion, a PE ratio of 8.66 and a beta of 1.69. Travel + Leisure Co. has a fifty-two week low of $33.57 and a fifty-two week high of $63.19.

Travel + Leisure (NYSE:TNLGet Rating) last released its earnings results on Thursday, October 27th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.01). Travel + Leisure had a negative return on equity of 45.32% and a net margin of 10.57%. The business had revenue of $937.00 million for the quarter, compared to analysts’ expectations of $943.06 million. Research analysts forecast that Travel + Leisure Co. will post 4.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Wednesday, December 14th. Travel + Leisure’s payout ratio is 36.78%.

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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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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