7,600 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 7,600 shares of the company's stock, valued at approximately $383,000.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after buying an additional 100,440 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Travel + Leisure by 182.9% during the 3rd quarter. Franklin Resources Inc. now owns 51,216 shares of the company's stock worth $2,337,000 after acquiring an additional 33,111 shares during the period. Versant Capital Management Inc boosted its position in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares during the last quarter. GAMMA Investing LLC grew its holdings in Travel + Leisure by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock valued at $81,000 after purchasing an additional 379 shares during the period. Finally, Oliver Luxxe Assets LLC raised its stake in Travel + Leisure by 4.1% during the fourth quarter. Oliver Luxxe Assets LLC now owns 41,603 shares of the company's stock worth $2,099,000 after purchasing an additional 1,648 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Up 5.2 %

Shares of TNL opened at $47.26 on Friday. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.40. The business's 50 day moving average is $46.30 and its two-hundred day moving average is $50.49.

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

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.74%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure's payout ratio is 37.40%.

Analyst Ratings Changes

A number of analysts have recently commented on TNL shares. Truist Financial upped their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group cut their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Barclays cut their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, 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. Corporate insiders own 3.75% of the company's stock.

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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