New York State Common Retirement Fund Grows Position in Travel + Leisure Co. (NYSE:TNL)

New York State Common Retirement Fund boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,099 shares of the company's stock after purchasing an additional 4,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Travel + Leisure worth $1,764,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TNL. Natixis purchased a new stake in Travel + Leisure during the 4th quarter worth about $37,000. UMB Bank n.a. increased its holdings in Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after purchasing an additional 409 shares during the period. Rossby Financial LCC purchased a new stake in Travel + Leisure during the 1st quarter worth about $55,000. Canada Pension Plan Investment Board increased its holdings in shares of Travel + Leisure by 333.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insiders Place Their Bets

In related news, CAO Thomas Michael Duncan sold 8,201 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the transaction, the chief accounting officer directly owned 20,000 shares of the company's stock, valued at $1,244,800. This trade represents a 29.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the transaction, the director directly owned 4,477 shares of the company's stock, valued at $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,020 shares of company stock worth $12,123,076. Corporate insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TNL shares. Morgan Stanley dropped their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. JMP Securities upped their target price on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research report on Thursday. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their target price for the company from $63.00 to $72.00 in a research report on Thursday. Finally, Barclays upped their target price on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average price target of $62.27.

Travel + Leisure Stock Performance

Travel + Leisure stock traded up $1.37 during mid-day trading on Friday, reaching $63.07. 1,050,356 shares of the company were exchanged, compared to its average volume of 698,548. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $63.28. The firm's 50-day simple moving average is $52.01 and its two-hundred day simple moving average is $50.40. The firm has a market cap of $4.19 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 3.55%. Travel + Leisure's dividend payout ratio is currently 37.40%.

Travel + Leisure 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.