PNC Financial Services Group Inc. trimmed its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,401 shares of the company’s stock after selling 2,711 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Travel + Leisure were worth $367,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Travel + Leisure by 147.5% in the 4th 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. increased its stake in Travel + Leisure by 334.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Travel + Leisure during the 4th quarter valued at $36,000. Arlington Trust Co LLC purchased a new position in shares of Travel + Leisure during the 4th quarter valued at $53,000. Finally, Quent Capital LLC increased its stake in shares of Travel + Leisure by 23.6% in the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Wall Street Analysts Forecast Growth
TNL has been the topic of a number of recent research reports. Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price on the stock. Barclays boosted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Truist Financial raised their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy 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 $54.83.
View Our Latest Report on Travel + Leisure
Travel + Leisure Stock Performance
TNL opened at $44.98 on Friday. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.02. The business has a 50 day moving average price of $44.62 and a 200 day moving average price of $43.40. The firm has a market cap of $3.21 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 2.45 and a beta of 1.63.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. Travel + Leisure’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, analysts anticipate that Travel + Leisure Co. will post 5.53 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors 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 annualized dividend and a dividend yield of 4.45%. Travel + Leisure’s dividend payout ratio 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.
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