Travel + Leisure Co. (NYSE:TNL) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 258,220 shares of the company's stock after selling 21,243 shares during the period. First Trust Advisors LP owned approximately 0.38% of Travel + Leisure worth $13,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Travel + Leisure during the 4th quarter worth $45,804,000. Invesco Ltd. boosted its stake in 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 buying an additional 163,804 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Travel + Leisure by 177.5% in the 4th quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock valued at $8,470,000 after acquiring an additional 107,389 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Trading Up 5.1 %

Shares of TNL stock traded up $2.27 on Friday, reaching $47.21. 228,904 shares of the stock were exchanged, compared to its average volume of 627,869. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.40. The business's 50 day moving average price is $46.47 and its 200 day moving average price is $50.46.

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, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business 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 firm posted $0.97 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.74%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at Travel + Leisure

In related news, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction that occurred 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 directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the firm'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 transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays cut their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Truist Financial raised their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Tigress Financial boosted 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. Finally, Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

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.