Travel + Leisure Co. (NYSE:TNL) Holdings Decreased by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,141,320 shares of the company's stock after selling 20,470 shares during the quarter. Geode Capital Management LLC owned 1.67% of Travel + Leisure worth $57,597,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp acquired a new position in shares of Travel + Leisure during the 4th quarter worth $25,000. Versant Capital Management Inc grew its position in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after buying an additional 503 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after acquiring an additional 181 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

TNL stock traded up $0.41 on Friday, hitting $41.42. 684,900 shares of the company were exchanged, compared to its average volume of 624,577. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The business's fifty day moving average is $48.81 and its two-hundred day moving average is $50.61. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million for the quarter, compared to analysts' expectations of $958.87 million. During the same quarter last year, the firm earned $1.98 earnings per share. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio is presently 38.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNL. Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Tigress Financial upped their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Mizuho reissued a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Barclays increased their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. One 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.20.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company's stock.

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.