Guggenheim Capital LLC Trims Stock Position in Travel + Leisure Co. (NYSE:TNL)

Guggenheim Capital LLC reduced its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TNL. Norges Bank purchased a new position in shares of Travel + Leisure in the 4th quarter valued at $45,804,000. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 163,804 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $46,169,000 after purchasing an additional 122,173 shares during the last quarter. Trexquant Investment LP increased its position in shares of Travel + Leisure by 177.5% during the fourth quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock worth $8,470,000 after purchasing an additional 107,389 shares in the last quarter. 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 valued at $10,383,000 after purchasing an additional 100,440 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TNL. Mizuho reaffirmed a "neutral" rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial raised 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 dropped their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial boosted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure Price Performance

Shares of TNL stock traded up $1.95 during midday trading on Friday, reaching $46.89. 200,577 shares of the company traded hands, compared to its average volume of 700,239. The firm's 50 day simple moving average is $46.47 and its two-hundred day simple moving average is $50.46. The firm has a market cap of $3.11 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95.

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

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given 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 4.78%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's payout ratio is presently 37.40%.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, 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. Insiders own 3.75% of the company's stock.

Travel + Leisure Company 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.