PharVision Advisers LLC Purchases New Shares in Travel + Leisure Co. (NYSE:TNL)

PharVision Advisers LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,124 shares of the company's stock, valued at approximately $713,000. Travel + Leisure accounts for about 0.6% of PharVision Advisers LLC's holdings, making the stock its 15th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Travel + Leisure during the 4th quarter worth approximately $45,804,000. Nuveen Asset Management LLC grew its position in shares of Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after buying an additional 180,059 shares in the last quarter. Invesco Ltd. increased its stake in shares of Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after buying an additional 163,804 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Travel + Leisure in the fourth quarter valued at $6,304,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Buying and Selling

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business'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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George Herrera sold 6,336 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. The trade was a 69.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Trading Down 2.3%

Shares of Travel + Leisure stock opened at $49.67 on Wednesday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The business's 50 day simple moving average is $45.45 and its 200-day simple moving average is $50.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. Sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Truist Financial upped their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group reduced their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Mizuho reissued a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

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.

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