BNP Paribas Financial Markets Purchases Shares of 53,200 Travel + Leisure Co. (NYSE:TNL)

BNP Paribas Financial Markets bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 53,200 shares of the company's stock, valued at approximately $2,684,000. BNP Paribas Financial Markets owned 0.08% of Travel + Leisure as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure in the 4th quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after purchasing an additional 503 shares during the period. Natixis acquired a new position in Travel + Leisure during the 4th quarter worth approximately $37,000. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake 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 buying an additional 181 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TNL. Morgan Stanley cut their target price on 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 lifted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Barclays dropped their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction 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. This represents a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denny Marie Post sold 5,500 shares of the firm's 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 completion of the transaction, the director now directly owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This represents a 55.13% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Down 1.8%

NYSE TNL traded down $0.88 during trading on Wednesday, hitting $48.78. 55,643 shares of the stock traded hands, compared to its average volume of 636,273. The company has a market capitalization of $3.24 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95. The firm has a 50-day simple moving average of $45.45 and a 200-day simple moving average of $50.63.

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

Travel + Leisure Increases Dividend

The company 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 a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.59%. Travel + Leisure's payout ratio is presently 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.