VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.68 Million in Travel + Leisure Co. $TNL

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,867 shares of the company's stock, valued at approximately $2,677,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Travel + Leisure at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Travel + Leisure by 210.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock worth $1,666,000 after purchasing an additional 24,329 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock worth $46,039,000 after purchasing an additional 79,430 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Travel + Leisure by 26.6% during the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock worth $95,000 after purchasing an additional 429 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Travel + Leisure by 10.1% during the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company's stock worth $997,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Travel + Leisure by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 208,929 shares of the company's stock worth $9,671,000 after purchasing an additional 8,142 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JMP Securities boosted their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $63.00 to $72.00 in a report on Thursday, July 24th. Barclays upped their price objective on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Stock Up 0.9%

NYSE:TNL opened at $60.68 on Wednesday. The stock's fifty day moving average is $61.11 and its two-hundred day moving average is $54.32. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $64.11. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 12th. Travel + Leisure's dividend payout ratio is 38.62%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Jeffrey Myers sold 110,885 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the transaction, the insider directly owned 142,553 shares in the company, valued at $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Michael Duncan sold 8,201 shares of the company's stock in a transaction 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 transaction, the chief accounting officer owned 20,000 shares in the company, valued at $1,244,800. This trade represents a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 250,443 shares of company stock valued at $15,634,728 over the last ninety days. 3.75% of the stock is 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.

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