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

Vista Investment Partners II LLC bought a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,343 shares of the company's stock, valued at approximately $1,405,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp purchased a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $25,000. Natixis bought a new position in Travel + Leisure during the fourth quarter valued at $37,000. Smartleaf Asset Management LLC grew its stake in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after buying an additional 409 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Travel + Leisure by 333.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after buying an additional 1,000 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance

NYSE TNL traded up $2.11 during midday trading on Tuesday, hitting $53.72. 723,013 shares of the company traded hands, compared to its average volume of 648,504. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The company's 50-day simple moving average is $48.39 and its 200-day simple moving average is $49.67. The company has a market cap of $3.57 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.50 and a beta of 1.37.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share 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 negative return on equity of 46.83% and a net margin of 10.77%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.17%. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of Travel + Leisure stock in a transaction on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director directly owned 4,477 shares of the company's stock, valued at approximately $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.75% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Tigress Financial lifted their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Truist Financial lifted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Barclays cut 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. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.