Universal Beteiligungs und Servicegesellschaft mbH Invests $4.27 Million in Travel + Leisure Co. (NYSE:TNL)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,602 shares of the company's stock, valued at approximately $4,268,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Travel + Leisure during the fourth quarter worth about $25,000. Natixis purchased a new stake in Travel + Leisure in the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Travel + Leisure by 333.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in shares of Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Tigress Financial raised their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays dropped their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Mizuho reiterated a "neutral" rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Insiders Place Their Bets

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the firm'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 completion of the transaction, the director now directly owns 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by insiders.

Travel + Leisure Stock Up 1.4%

NYSE TNL traded up $0.66 on Tuesday, hitting $49.34. The stock had a trading volume of 717,138 shares, compared to its average volume of 642,499. The company's 50-day moving average is $45.54 and its two-hundred day moving average is $50.34. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm 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 was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 4.54%. Travel + Leisure's payout ratio is 37.40%.

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.