California Public Employees Retirement System Has $6.24 Million Position in Travel + Leisure Co. (NYSE:TNL)

California Public Employees Retirement System lessened its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,747 shares of the company's stock after selling 11,472 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Travel + Leisure worth $6,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC boosted its stake in shares of Travel + Leisure by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock valued at $78,984,000 after buying an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Norges Bank acquired a new position in Travel + Leisure during the 4th quarter worth approximately $45,804,000. Bank of New York Mellon Corp increased its holdings in shares of Travel + Leisure by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock valued at $45,691,000 after acquiring an additional 45,447 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Travel + Leisure by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 814,319 shares of the company's stock valued at $41,082,000 after purchasing an additional 79,922 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

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Travel + Leisure Trading Up 0.4 %

Shares of TNL stock traded up $0.17 during mid-day trading on Friday, reaching $41.37. The stock had a trading volume of 835,614 shares, compared to its average volume of 620,901. The business's fifty day moving average is $50.26 and its 200-day moving average is $50.80. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.67 and a beta of 1.40.

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

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.56 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.36%.

Analysts Set New Price Targets

TNL has been the topic of a number of recent research reports. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Mizuho restated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Morgan Stanley initiated coverage on Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.70.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. 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.