Nuveen Asset Management LLC Increases Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Nuveen Asset Management LLC grew its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 897,903 shares of the company's stock after acquiring an additional 180,059 shares during the period. Nuveen Asset Management LLC owned about 1.31% of Travel + Leisure worth $45,299,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Mubadala Investment Co PJSC purchased a new position in shares of Travel + Leisure in the 4th quarter valued at $2,343,000. Millennium Management LLC grew its holdings in Travel + Leisure by 167.8% during the 4th quarter. Millennium Management LLC now owns 180,160 shares of the company's stock valued at $9,089,000 after purchasing an additional 112,883 shares in the last quarter. Gotham Asset Management LLC grew its holdings in Travel + Leisure by 27.4% during the 4th quarter. Gotham Asset Management LLC now owns 37,383 shares of the company's stock valued at $1,886,000 after purchasing an additional 8,040 shares in the last quarter. Ethic Inc. grew its holdings in Travel + Leisure by 95.5% during the 4th quarter. Ethic Inc. now owns 12,530 shares of the company's stock valued at $632,000 after purchasing an additional 6,121 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Travel + Leisure during the 4th quarter worth $377,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, March 13th. The stock was acquired 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 $19,070,221.96. This trade represents a 0.49% increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TNL shares. The Goldman Sachs Group decreased their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. 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. Morgan Stanley dropped their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reiterated a "neutral" rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Truist Financial boosted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Travel + Leisure Stock Down 0.1%

TNL stock traded down $0.07 during trading hours on Friday, hitting $47.82. The company's stock had a trading volume of 556,128 shares, compared to its average volume of 641,692. The company has a market capitalization of $3.18 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock has a 50 day moving average price of $45.47 and a two-hundred day moving average price of $50.56.

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, topping analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. During the same period in the previous year, the company earned $0.97 earnings per share. Travel + Leisure's revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts expect 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's payout ratio is 37.40%.

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.