Travel + Leisure Co. (NYSE:TNL) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,176 shares of the company's stock after acquiring an additional 35,275 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of Travel + Leisure worth $13,782,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TNL. Invesco Ltd. lifted its position in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after acquiring an additional 12,111 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock worth $71,358,000 after acquiring an additional 58,944 shares during the period. Northern Trust Corp raised its stake in shares of Travel + Leisure by 9.6% in the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock valued at $52,302,000 after acquiring an additional 90,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after purchasing an additional 122,173 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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. Tigress Financial boosted their target price 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. Mizuho restated a "neutral" rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays decreased their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. 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.com, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Activity

In related news, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This trade represents a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.75% of the company's stock.

Travel + Leisure Trading Up 0.7%

Shares of NYSE TNL traded up $0.35 during midday trading on Tuesday, reaching $49.03. 130,531 shares of the company were exchanged, compared to its average volume of 640,211. The stock has a market cap of $3.26 billion, a P/E ratio of 8.40, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The stock has a fifty day simple moving average of $45.54 and a 200 day simple moving average of $50.34.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. During the same period in the prior year, the company posted $0.97 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.