PharVision Advisers LLC Acquires New Position in Travel + Leisure Co. (NYSE:TNL)

PharVision Advisers LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,124 shares of the company's stock, valued at approximately $713,000. Travel + Leisure accounts for 0.6% of PharVision Advisers LLC's holdings, making the stock its 15th largest position.

A number of other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Travel + Leisure by 14.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company's stock valued at $13,782,000 after acquiring an additional 35,275 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $6,304,000. WBI Investments LLC grew its holdings in shares of Travel + Leisure by 25.5% in the fourth quarter. WBI Investments LLC now owns 13,284 shares of the company's stock valued at $670,000 after purchasing an additional 2,702 shares in the last quarter. Twinbeech Capital LP acquired a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $3,092,000. Finally, Two Sigma Investments LP increased its stake in Travel + Leisure by 5.6% during the 4th quarter. Two Sigma Investments LP now owns 21,306 shares of the company's stock worth $1,075,000 after buying an additional 1,133 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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 research report on Monday, April 14th. Barclays decreased their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Mizuho restated a "neutral" rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Truist Financial lifted 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. Finally, Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Price Performance

Shares of TNL traded down $0.07 during mid-day trading on Monday, reaching $47.82. The company's stock had a trading volume of 556,128 shares, compared to its average volume of 641,692. The company's 50 day moving average is $45.47 and its 200 day moving average is $50.56. The stock has a market cap 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.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly 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 net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 4.68%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's dividend payout ratio is currently 37.40%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares in the company, valued at $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 company insiders.

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.