46,437 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by Mubadala Investment Co PJSC

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

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its position in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after acquiring an additional 503 shares during the period. Natixis purchased a new position in shares of Travel + Leisure in the 4th quarter valued at approximately $37,000. UMB Bank n.a. increased its holdings in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TNL. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Morgan Stanley dropped their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Buying and Selling

In other news, Director Denny Marie Post sold 5,500 shares of Travel + Leisure stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the transaction, the director now directly owns 4,477 shares in the company, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 6,336 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This trade represents a 69.66% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Travel + Leisure Price Performance

TNL traded up $0.41 on Friday, reaching $51.12. The company's stock had a trading volume of 577,802 shares, compared to its average volume of 639,286. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The business's 50 day moving average is $45.35 and its 200 day moving average is $50.60. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

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

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.56 dividend. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 4.38%. Travel + Leisure's dividend payout ratio (DPR) is 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.