Mackenzie Financial Corp Purchases 52,072 Shares of Travel + Leisure Co. (NYSE:TNL)

Mackenzie Financial Corp raised its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 405.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,918 shares of the company's stock after buying an additional 52,072 shares during the period. Mackenzie Financial Corp owned 0.09% of Travel + Leisure worth $3,275,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares during the last quarter. SG Americas Securities LLC acquired a new position in Travel + Leisure during the 4th quarter worth about $114,000. Janney Montgomery Scott LLC grew its holdings in Travel + Leisure by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,725 shares of the company's stock worth $2,408,000 after acquiring an additional 2,213 shares during the last quarter. Blue Trust Inc. increased its position in Travel + Leisure by 17.6% in the 4th quarter. Blue Trust Inc. now owns 2,996 shares of the company's stock valued at $138,000 after acquiring an additional 449 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Travel + Leisure by 30.1% in the fourth quarter. KBC Group NV now owns 2,893 shares of the company's stock worth $146,000 after acquiring an additional 669 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Performance

NYSE:TNL traded up $0.66 during trading hours on Tuesday, hitting $49.34. The stock had a trading volume of 717,138 shares, compared to its average volume of 643,268. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95. The company 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. The business's 50 day moving average is $45.58 and its 200-day moving average is $50.34.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same quarter last year, the firm posted $0.97 earnings per share. Travel + Leisure'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 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Analysts Set New Price Targets

TNL has been the topic of several research analyst reports. Tigress Financial increased their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Barclays dropped their target price on 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 previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Morgan Stanley lowered their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial upped their target price on shares of 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 issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now owns 4,477 shares in the company, valued at approximately $224,745.40. The trade was a 55.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was 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 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.