30,343 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Vista Investment Partners II LLC

Vista Investment Partners II LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,343 shares of the company's stock, valued at approximately $1,405,000.

Several other hedge funds have also made changes to their positions in the stock. Diversified Trust Co lifted its holdings in shares of Travel + Leisure by 58.2% in the 1st quarter. Diversified Trust Co now owns 25,473 shares of the company's stock worth $1,179,000 after purchasing an additional 9,368 shares during the last quarter. Vista Investment Partners LLC bought a new stake in shares of Travel + Leisure in the 1st quarter worth approximately $2,127,000. QRG Capital Management Inc. lifted its holdings in shares of Travel + Leisure by 12.1% in the 1st quarter. QRG Capital Management Inc. now owns 22,257 shares of the company's stock worth $1,030,000 after purchasing an additional 2,408 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Travel + Leisure by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,397 shares of the company's stock worth $2,287,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Travel + Leisure in the 1st quarter worth approximately $724,000. Institutional investors own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TNL shares. The Goldman Sachs Group cut their price target 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 lowered their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Barclays lowered their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial raised their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One equities research 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. According to MarketBeat.com, Travel + Leisure has an average rating of "Moderate Buy" and an average target price of $59.20.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $51.99 on Friday. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The stock has a market cap of $3.45 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.50 and a beta of 1.37. The business's fifty day moving average is $48.17 and its 200-day moving average is $49.74.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. During the same period last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Activity

In other news, 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 sale, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.75% of the stock is owned by 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.

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