Swiss National Bank reduced its holdings in Travel + Leisure Inc. (NYSE:TNL – free report ) by 1.9% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). The bank sold 2,800 shares during the quarter and now holds 142,900 shares of the company’s stock. Swiss National Bank now holds about 0.20% of Travel + Leisure Inc. worth $6,996,000, according to its latest filing with the Securities and Exchange Commission (SEC).
Other hedge funds also modified their holdings in the company. Allworth Financial increased its holdings in Travel+Leisure by 147.5% in the fourth quarter. Allworth Financial now owns 698 shares of the company’s stock, valued at $27,000, after purchasing an additional 416 shares during the quarter. SRS Capital Advisors increased its holdings in Travel+Leisure by 334.1% in the fourth quarter. SRS Capital Advisors now owns 764 shares of the company’s stock, valued at $30,000, after purchasing an additional 588 shares during the quarter. GAMMA Investing LLC purchased a new holding in Travel+Leisure for approximately $36,000 in the fourth quarter. Arlington Trust Company LLC purchased a new holding in Travel+Leisure for approximately $53,000 in the fourth quarter. Finally, Quent Capital LLC increased its holdings in Travel + Leisure by 23.6% during the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock, valued at $57,000, after purchasing an additional 278 shares in the last quarter. 87.54% of the stock is now owned by institutional investors.
Analyst Rating Changes
Several equity analysts have recently commented on TNL shares. Barclays increased their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase raised their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Mizuho initiated coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. The bank gave the stock a “neutral” rating and a $55.00 price target. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.00.
Get the latest Travel + Leisure stock report
Travel + Leisure Price Performance
TNL shares opened trading at $48.50 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio (PE) of 8.93, a price-to-earnings ratio (PEG) of 2.69 and a beta of 1.63. Travel + Leisure Co.’s low over the past 12 months is $32.10 and its high over the past 12 months is $49.91. The company’s 50-day moving average is $44.78 and its 200-day moving average is $43.99.
Travel + Leisure (NYSE:TNL – get free report ) last released its quarterly earnings data on Wednesday, April 24th. The company reported quarterly earnings per share (EPS) of $0.97, beating analysts’ consensus estimates of $0.85 by $0.12. The company’s quarterly revenue was $916 million, beating the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a return on equity of negative 44.34%. The company’s quarterly revenue grew 4.2% year over year. The company’s EPS was $0.89 in the same period last year. Sell-side analysts expect that Travel + Leisure will post 5.53 EPS for the current fiscal year.
Travel + Leisure announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.50 per share. This equates to an annualized dividend of $2.00, or a dividend yield of 4.12%. The ex-dividend date for this dividend was Friday, June 14th. Travel + Leisure has a dividend payout ratio (DPR) of 36.83%.
About Travel + Leisure
(Free report)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel & Memberships. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to private consumers, as well as providing consumer financing in connection with the sale of VOIs and property management services at resorts.
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