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Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Get Rating ) by 33.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,545 shares of the company’s stock after purchasing an additional 3,607 shares during the quarter. Zurich Cantonalbank Zurich Cantonalbank’s holdings in Travel + Leisure were worth $529,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TNL. Penserra Capital Management LLC acquired a new position in shares of Travel + Leisure during the 1st quarter valued at $31,000. Lazard Asset Management LLC acquired a new position in shares of Travel + Leisure in the 1st quarter valued at $34,000. EWG Elevate Inc. acquired a new position in shares of Travel + Leisure during the 4th quarter valued at $25,000. Wipfli Financial Advisors LLC acquired a new position in shares of Travel + Leisure during the 3rd quarter valued at $37,000. Finally, Bessemer Group Inc. raised its holdings in shares of Travel + Leisure by 29.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,385 shares of the company’s stock valued at $48,000 after buying an additional 314 shares during the period. Institutional investors and hedge funds own 88.54% of the company.
Internal movement
In other news, Director Jorge Herrera sold 2,069 shares of the business’s stock in a transaction dated Friday, March 17th. The stock traded at an average price of $37.53, for a total value of $77,649.57. Following the completion of the transaction, the director now owns 5,838 shares in the company, valued at approximately $219,100.14. The sale was disclosed in a filing with the Securities and Exchange Commission at this hyperlink. In other news, Director Jorge Herrera sold 2,069 shares of the business’s stock in a transaction dated Friday, March 17th. The stock traded at an average price of $37.53, for a total value of $77,649.57. Following the completion of the transaction, the director now owns 5,838 shares in the company, valued at approximately $219,100.14. The sale was disclosed in a filing with the Securities and Exchange Commission at this hyperlink. Also, insider Olivier Chavi sold 2,650 shares of the company’s stock in a transaction dated Friday, March 17th. The shares traded at an average price of $37.51, for a total value of $99,401.50. Following the completion of the transaction, the insider now owns 12,411 shares of the company’s stock, valued at approximately $465,536.61. A description of this sale can be found here. 2.07% of shares are owned by corporate insiders.
Travel + leisure shopping will increase by 1.1%
Shares of TNL stock opened at $38.27 on Friday. The stock has a 50-day moving average of $39.25 and a two-hundred-day moving average of $39.00. The stock has a market capitalization of $2.92 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.33 and a beta of 1.66. Travel + Leisure Company has a 1 year low of $33.57 and a 1 year high of $58.41.
Travel + Leisure (NYSE:TNL – Get Rating ) last released its earnings results on Wednesday, April 26th. The company reported 0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.79 by $0.10. The company had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $840.65 million. Travel + Leisure had a negative return on equity of 43.00% and a net margin of 10.17%. The company’s revenue was up 8.7 percent year-on-year. In the same quarter last year, the company earned $0.69 EPS. On average, analysts forecast that Travel + Leisure Co. will post 5.44 earnings per share for the current fiscal year.
Includes travel + leisure division
The company recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.45 per share. This represents a dividend of $1.80 per year and a yield of 4.70%. The previous split date was Tuesday March 14th. This is an increase of $0.40 from Travel + Leisure’s previous quarterly dividend. Travel + Leisure’s dividend yield is 40.27 percent.
Analysts set a new price target.
TNL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $69.00 to $62.00 in a research note on Thursday. Bank of America initiated coverage on shares of Travel + Leisure in a research report on Monday, April 17th. They issued an “underperform” rating and a $42.00 price objective for the company. Credit Suisse Group upped their price objective on shares of Travel + Leisure from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, February 23rd. Finally, Jefferies Financial Group lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating and dropped their price objective for the company from $71.00 to $49.00 in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $50.43, according to MarketBeat data.
About travel + entertainment
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Travel + Leisure Co is a membership and leisure travel company with a portfolio of approximately 20 resort, travel club and lifestyle travel brands. It operates through vacation ownership and travel and membership divisions. The Vacation Ownership segment is engaged in developing, marketing and selling vacation ownership interests to individual consumers, providing financial assistance to consumers in connection with the sale of vacation ownership interests, and providing property management services to resorts.
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