Alaska Permanent Fund Corp Increases Position in Travel + Leisure Co. (NYSE:TNL)

Alaska Permanent Fund Corp boosted its position in Travel + Leisure Co. (NYSE:TNL) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 61,517 shares of the company’s stock after acquiring an additional 3,346 shares during the period. Alaska Permanent Fund Corp owned about 0.09% of Travel + Leisure worth $3,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TNL. Allworth Financial LP lifted its position in Travel + Leisure by 147.5% during the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after buying an additional 416 shares during the period. SRS Capital Advisors Inc. grew its holdings in Travel + Leisure by 334.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after purchasing an additional 588 shares during the period. GAMMA Investing LLC acquired a new position in Travel + Leisure during the fourth quarter worth approximately $36,000. Arlington Trust Co LLC purchased a new position in Travel + Leisure during the fourth quarter worth approximately $53,000. Finally, Quent Capital LLC boosted its holdings in shares of Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TNL shares. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Mizuho started coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Truist Financial raised their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.83.

Travel + Leisure Trading Down 0.9 %

NYSE TNL opened at $44.02 on Friday. The company’s fifty day simple moving average is $44.56 and its 200-day simple moving average is $43.09. The stock has a market cap of $3.14 billion, a P/E ratio of 8.11, a PEG ratio of 2.49 and a beta of 1.63. Travel + Leisure Co. has a 52 week low of $32.10 and a 52 week high of $49.02.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The company had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 5.53 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.

Travel + Leisure Company 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.