Travel + Leisure Co. (NYSE:TNL) Stock Holdings Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,558 shares of the company’s stock after buying an additional 3,359 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Travel + Leisure were worth $2,099,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TNL. Quest Partners LLC increased its holdings in shares of Travel + Leisure by 1,474.2% in the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after acquiring an additional 20,772 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Travel + Leisure during the first quarter worth $4,739,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Travel + Leisure by 125.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after buying an additional 29,656 shares during the period. Hancock Whitney Corp bought a new stake in shares of Travel + Leisure during the 2nd quarter valued at about $1,925,000. Finally, Sei Investments Co. raised its stake in Travel + Leisure by 138.4% during the first quarter. Sei Investments Co. now owns 116,671 shares of the company’s stock worth $5,712,000 after acquiring an additional 67,740 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TNL. Truist Financial lowered their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Travel + Leisure Trading Down 0.3 %

Shares of NYSE:TNL opened at $53.78 on Friday. The company has a 50 day moving average of $47.01 and a 200-day moving average of $45.28. The firm has a market cap of $3.68 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a twelve month low of $35.41 and a twelve month high of $54.79.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.54 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Activity

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This represents a 25.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,055 shares of company stock worth $4,544,170. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel 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.