Public Employees Retirement System of Ohio Buys Shares of 18,528 Travel + Leisure Co. $TNL

Public Employees Retirement System of Ohio bought a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,528 shares of the company's stock, valued at approximately $1,416,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. BlackRock Inc. acquired a new stake in Travel + Leisure in the second quarter valued at about $543,957,000. Invesco Ltd. raised its stake in Travel + Leisure by 4.2% during the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company's stock worth $256,211,000 after acquiring an additional 146,484 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock worth $138,449,000 after acquiring an additional 855,151 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock worth $113,741,000 after acquiring an additional 17,377 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Travel + Leisure by 21.7% in the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company's stock valued at $90,329,000 after purchasing an additional 232,711 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the transaction, the insider directly owned 1,600 shares of the company's stock, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 500 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the sale, the director owned 1,353 shares in the company, valued at $101,691.48. This trade represents a 26.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 87,135 shares of company stock worth $6,541,139. Company insiders own 4.01% of the company's stock.

Travel + Leisure Trading Down 0.2%

NYSE:TNL opened at $66.21 on Tuesday. The stock has a market cap of $4.05 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15. The stock's 50-day moving average is $73.67 and its 200-day moving average is $71.92. Travel + Leisure Co. has a 1-year low of $58.07 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.65 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure Co. will post 7.7 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure's payout ratio is 65.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNL. Barclays lifted their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Citigroup reissued a "market outperform" rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. The Goldman Sachs Group raised shares of Travel + Leisure from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Monday, June 1st. Zacks Research downgraded shares of Travel + Leisure from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.82.

About Travel + Leisure

Travel + Leisure Co NYSE: TNL is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.

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