Voloridge Investment Management LLC Acquires Shares of 124,963 Travel + Leisure Co. (NYSE:TNL)

Voloridge Investment Management LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 124,963 shares of the company's stock, valued at approximately $6,304,000. Voloridge Investment Management LLC owned 0.18% of Travel + Leisure as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $25,000. Natixis bought a new position in Travel + Leisure during the fourth quarter worth $37,000. UMB Bank n.a. raised its stake in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the last quarter. Smartleaf Asset Management LLC grew 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 worth $39,000 after purchasing an additional 181 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in Travel + Leisure by 17,416.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,051 shares of the company's stock worth $53,000 after purchasing an additional 1,045 shares during the period. 87.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost 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 in the company, valued at $19,070,221.96. This represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TNL. Mizuho restated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Tigress Financial lifted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Morgan Stanley lowered their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered 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 boosted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure Trading Down 0.2%

NYSE TNL traded down $0.08 during trading on Friday, hitting $48.63. The company had a trading volume of 107,514 shares, compared to its average volume of 639,166. The company's fifty day moving average is $45.52 and its 200-day moving average is $50.46. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95.

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

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Friday, June 13th. Travel + Leisure's payout ratio is 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.