Diversified Trust Co Acquires 9,368 Shares of Travel + Leisure Co. (NYSE:TNL)

Diversified Trust Co increased its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 58.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,473 shares of the company's stock after acquiring an additional 9,368 shares during the period. Diversified Trust Co's holdings in Travel + Leisure were worth $1,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. Private Advisor Group LLC raised its holdings in shares of Travel + Leisure by 7.9% in the 4th quarter. Private Advisor Group LLC now owns 10,528 shares of the company's stock worth $531,000 after acquiring an additional 773 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Travel + Leisure by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 17,300 shares of the company's stock worth $873,000 after acquiring an additional 500 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Travel + Leisure by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock valued at $45,691,000 after buying an additional 45,447 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Travel + Leisure in the 4th quarter valued at about $1,570,000. Finally, QRG Capital Management Inc. increased its stake in Travel + Leisure by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 19,849 shares of the company's stock valued at $1,001,000 after buying an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Ratings Changes

TNL has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective 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. Morgan Stanley decreased their price objective 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. Truist Financial increased their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Barclays decreased their price objective 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, Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling

In related news, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the transaction, the director now directly owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.75% of the stock is owned by insiders.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded up $0.51 on Friday, reaching $51.99. 1,168,823 shares of the company traded hands, compared to its average volume of 648,397. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The company has a 50 day moving average of $48.17 and a 200 day moving average of $49.71. The firm has a market capitalization of $3.45 billion, a PE ratio of 8.68, a PEG ratio of 0.50 and a beta of 1.37.

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

Travel + Leisure Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.31%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.