Mubadala Investment Co PJSC Invests $2.34 Million in Travel + Leisure Co. (NYSE:TNL)

Mubadala Investment Co PJSC acquired a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 46,437 shares of the company's stock, valued at approximately $2,343,000. Mubadala Investment Co PJSC owned 0.07% of Travel + Leisure at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TNL. Norges Bank purchased a new stake in Travel + Leisure during the 4th quarter worth about $45,804,000. Invesco Ltd. increased its holdings in Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after purchasing an additional 163,804 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after purchasing an additional 122,173 shares during the period. Millennium Management LLC increased its holdings in Travel + Leisure by 167.8% during the 4th quarter. Millennium Management LLC now owns 180,160 shares of the company's stock worth $9,089,000 after purchasing an additional 112,883 shares during the period. Finally, Trexquant Investment LP increased its holdings in Travel + Leisure by 177.5% during the 4th quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock worth $8,470,000 after purchasing an additional 107,389 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TNL shares. Mizuho reaffirmed a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Truist Financial upped their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Tigress Financial upped their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by company insiders.

Travel + Leisure Trading Up 0.8%

Shares of NYSE TNL traded up $0.41 during trading hours on Friday, reaching $51.12. The stock had a trading volume of 577,802 shares, compared to its average volume of 638,124. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The firm has a 50-day moving average of $45.29 and a 200-day moving average of $50.58.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.38%. Travel + Leisure's dividend payout ratio is currently 37.40%.

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.