Travel + Leisure Co. (NYSE:TNL) Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200,787 shares of the company's stock after buying an additional 8,374 shares during the period. Envestnet Asset Management Inc. owned 0.29% of Travel + Leisure worth $10,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Copeland Capital Management LLC grew its position in shares of Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after acquiring an additional 12,111 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $46,169,000 after purchasing an additional 122,173 shares during the period. Norges Bank bought a new position in Travel + Leisure in the 4th quarter worth about $45,804,000. Bank of New York Mellon Corp increased its stake in shares of Travel + Leisure by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock valued at $45,691,000 after purchasing an additional 45,447 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Travel + Leisure by 10.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 814,319 shares of the company's stock valued at $41,082,000 after buying an additional 79,922 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

Shares of TNL traded up $0.31 during mid-day trading on Thursday, hitting $43.36. The company's stock had a trading volume of 111,090 shares, compared to its average volume of 627,526. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.67 and a beta of 1.40. The firm has a 50-day moving average price of $47.98 and a 200 day moving average price of $50.52.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.01). Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. As a group, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS 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 given a $0.56 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 5.17%. Travel + Leisure's dividend payout ratio (DPR) is 38.36%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TNL shares. Truist Financial increased 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. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Mizuho restated a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Morgan Stanley decreased 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. Finally, Tigress Financial boosted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. One investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Insider Buying and Selling

In related news, Director George Herrera sold 6,336 shares of the company's stock in a transaction 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 transaction, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is currently owned by company insiders.

About Travel + Leisure

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.