WINTON GROUP Ltd raised its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 9.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,797 shares of the company’s stock after buying an additional 1,660 shares during the quarter. WINTON GROUP Ltd’s holdings in Travel + Leisure were worth $737,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of TNL. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Travel + Leisure during the first quarter valued at about $25,000. North Star Investment Management Corp. purchased a new stake in Travel + Leisure during the first quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in Travel + Leisure during the first quarter valued at about $31,000. Lazard Asset Management LLC purchased a new stake in Travel + Leisure during the first quarter valued at about $34,000. Finally, Belpointe Asset Management LLC purchased a new stake in Travel + Leisure during the fourth quarter valued at about $35,000. 87.06% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on TNL shares. Barclays dropped their target price on Travel + Leisure from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, July 27th. Tigress Financial started coverage on Travel + Leisure in a report on Thursday, August 24th. They issued a “buy” rating and a $52.00 target price on the stock. TheStreet upgraded Travel + Leisure from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Finally, Truist Financial dropped their target price on Travel + Leisure from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.00.
Travel + Leisure Stock Down 5.1 %
NYSE TNL opened at $39.32 on Wednesday. Travel + Leisure Co. has a 12-month low of $33.57 and a 12-month high of $44.99. The company has a 50 day moving average price of $40.82 and a two-hundred day moving average price of $39.53. The stock has a market capitalization of $2.91 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.53 and a beta of 1.68.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, July 26th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. Travel + Leisure had a net margin of 9.93% and a negative return on equity of 40.25%. The business had revenue of $949.00 million for the quarter, compared to analyst estimates of $952.77 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Travel + Leisure’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Travel + Leisure Co. will post 5.29 EPS for the current year.
Travel + Leisure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, September 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 39.47%.
Travel + Leisure Profile
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, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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