Guggenheim Capital LLC Has $448,000 Stock Position in Travel + Leisure Co. (NYSE:TNL)

Guggenheim Capital LLC lessened its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,883 shares of the company's stock after selling 6,196 shares during the period. Guggenheim Capital LLC's holdings in Travel + Leisure were worth $448,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 36.9% during the fourth 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. Versant Capital Management Inc raised its holdings 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 purchasing an additional 210 shares in the last quarter. Finally, Hourglass Capital LLC lifted its position in Travel + Leisure by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after purchasing an additional 230 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TNL has been the subject of several research analyst reports. Tigress Financial upped their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Barclays dropped their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group reduced 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. 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 report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $0.27 during midday trading on Wednesday, hitting $43.93. 706,327 shares of the stock were exchanged, compared to its average volume of 628,353. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The business's fifty day simple moving average is $46.92 and its two-hundred day simple moving average is $50.51. The company has a market capitalization of $2.92 billion, a PE ratio of 7.52, a P/E/G ratio of 0.67 and a beta of 1.40.

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

Travel + Leisure Increases Dividend

The business also recently announced 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. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure 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 sale, the director now directly owns 2,759 shares in the company, valued at $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 available at the SEC website. Also, insider Michael Dean Brown purchased 2,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate insiders.

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.