UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 35,275 Shares of Travel + Leisure Co. (NYSE:TNL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,176 shares of the company's stock after purchasing an additional 35,275 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.40% of Travel + Leisure worth $13,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in Travel + Leisure in the 4th quarter valued at approximately $25,000. Natixis bought a new stake in shares of Travel + Leisure in the fourth quarter worth $37,000. Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the period. Canada Pension Plan Investment Board increased its holdings in Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after purchasing an additional 1,000 shares during the period. Finally, Capital Analysts LLC raised its position in Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TNL. Tigress Financial increased their price target on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Barclays reduced their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock 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. The Goldman Sachs Group dropped their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial increased their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Travel + Leisure Stock Up 1.4%

NYSE:TNL traded up $0.66 during trading hours on Tuesday, reaching $49.34. The company had a trading volume of 717,138 shares, compared to its average volume of 643,268. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.67 and a beta of 1.41. The business's 50-day simple moving average is $45.58 and its two-hundred day simple moving average is $50.34.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. The business had revenue of $934.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's dividend payout ratio is currently 37.40%.

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.