Teacher Retirement System of Texas Has $1.67 Million Position in Travel + Leisure Co. (NYSE:TNL)

Teacher Retirement System of Texas grew its position in shares of Travel + Leisure Co. (NYSE:TNL) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,102 shares of the company’s stock after purchasing an additional 6,663 shares during the quarter. Teacher Retirement System of Texas’ holdings in Travel + Leisure were worth $1,670,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its position in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after buying an additional 100,440 shares during the period. FMR LLC raised its stake in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after acquiring an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Travel + Leisure during the fourth quarter worth $1,288,000. Captrust Financial Advisors bought a new stake in shares of Travel + Leisure in the third quarter worth $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Travel + Leisure in the third quarter valued at $1,613,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 1.4 %

NYSE:TNL opened at $47.24 on Friday. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The company has a fifty day moving average of $53.10 and a 200-day moving average of $50.83. The firm has a market capitalization of $3.15 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.56 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Monday, March 17th. Travel + Leisure’s dividend payout ratio is 38.36%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TNL shares. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barclays lifted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Tigress Financial increased their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Truist Financial boosted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Insiders Place Their Bets

In other news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company’s stock, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company’s stock.

About Travel + Leisure

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.