Mutual of America Capital Management LLC Trims Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Mutual of America Capital Management LLC decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,149 shares of the company’s stock after selling 1,769 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Travel + Leisure were worth $2,113,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in TNL. Allworth Financial LP lifted its position in Travel + Leisure by 147.5% in the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the period. SRS Capital Advisors Inc. grew its position in shares of 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 purchased a new stake in Travel + Leisure in the 4th quarter valued at about $36,000. Arlington Trust Co LLC purchased a new stake in Travel + Leisure in the fourth quarter valued at approximately $53,000. Finally, Quent Capital LLC increased its holdings in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after buying an additional 278 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. 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 target price for the company. Barclays lifted 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $47.13 on Friday. The company’s fifty day moving average is $44.46 and its two-hundred day moving average is $43.70. Travel + Leisure Co. has a 1-year low of $32.10 and a 1-year high of $49.02. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.63.

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

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

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.