6,970 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by Centiva Capital LP

Centiva Capital LP bought a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,970 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bridgefront Capital LLC boosted its holdings in Travel + Leisure by 5.7% in the fourth quarter. Bridgefront Capital LLC now owns 13,047 shares of the company's stock worth $658,000 after purchasing an additional 699 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Travel + Leisure by 29.7% during the 4th quarter. Captrust Financial Advisors now owns 6,303 shares of the company's stock worth $318,000 after acquiring an additional 1,445 shares during the last quarter. Caxton Associates LP boosted its stake in shares of Travel + Leisure by 96.3% during the 4th quarter. Caxton Associates LP now owns 32,566 shares of the company's stock worth $1,643,000 after acquiring an additional 15,974 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Travel + Leisure during the 4th quarter worth $233,000. Finally, Baker Avenue Asset Management LP boosted its stake in shares of Travel + Leisure by 0.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 121,078 shares of the company's stock worth $6,108,000 after acquiring an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now directly owns 4,477 shares in the company, valued at $224,745.40. The trade was a 55.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated 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 owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

Travel + Leisure Stock Up 0.8%

NYSE TNL traded up $0.41 on Friday, reaching $51.12. The company had a trading volume of 577,802 shares, compared to its average volume of 639,286. The stock has a market capitalization of $3.39 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm's 50 day moving average price is $45.35 and its 200 day moving average price is $50.60. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly 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 company had revenue of $934.00 million for 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%. Travel + Leisure's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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. This represents a $2.24 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Monday, March 17th. Travel + Leisure's payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TNL shares. Mizuho reiterated a "neutral" rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays dropped their price target 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. The Goldman Sachs Group dropped their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. 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. Finally, Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Company 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.