Teza Capital Management LLC Has $1.07 Million Position in Travel + Leisure Co. (NYSE:TNL)

Teza Capital Management LLC lowered its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,257 shares of the company's stock after selling 5,642 shares during the quarter. Teza Capital Management LLC's holdings in Travel + Leisure were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Travel + Leisure in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after purchasing an additional 503 shares in the last quarter. Natixis acquired a new position in shares of Travel + Leisure during the fourth quarter worth about $37,000. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Trading Down 0.1%

Travel + Leisure stock traded down $0.07 during midday trading on Friday, hitting $47.82. The stock had a trading volume of 556,128 shares, compared to its average volume of 641,692. The stock has a market cap of $3.18 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The business has a fifty day moving average price of $45.47 and a 200 day moving average price of $50.58.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.68%. Travel + Leisure's payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TNL. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Mizuho restated a "neutral" rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays reduced their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Tigress Financial lifted their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One equities research 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction dated 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 completion of the transaction, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

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.