15,634 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,634 shares of the company's stock, valued at approximately $724,000.

Several other institutional investors have also added to or reduced their stakes in TNL. Norges Bank bought a new position in Travel + Leisure in the 4th quarter worth $45,804,000. Nuveen Asset Management LLC increased its stake in shares of Travel + Leisure by 25.1% in the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after acquiring an additional 180,059 shares in the last quarter. Invesco Ltd. increased its stake in shares of Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after acquiring an additional 163,804 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Travel + Leisure in the 4th quarter worth about $6,304,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after acquiring an additional 122,173 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Price Performance

TNL stock traded up $0.11 during trading on Friday, hitting $48.99. 1,440,172 shares of the stock traded hands, compared to its average volume of 646,476. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The firm's 50 day moving average is $47.23 and its two-hundred day moving average is $49.84. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data 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 10.77% and a negative return on equity of 46.83%. The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. During the same period in the prior year, the firm posted $0.97 EPS. Travel + Leisure's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, 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 dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, June 13th. Travel + Leisure's payout ratio is presently 37.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNL. Tigress Financial increased their price target on shares of 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 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 note on Monday, April 14th. Truist Financial increased their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays decreased their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Activity

In other 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 transaction of $276,100.00. Following the sale, the director now owns 4,477 shares of the company's stock, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.75% of the company's stock.

Travel + Leisure Company 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.