Invesco Ltd. Purchases 163,804 Shares of Travel + Leisure Co. (NYSE:TNL)

Invesco Ltd. lifted its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,544,548 shares of the company's stock after purchasing an additional 163,804 shares during the period. Invesco Ltd. owned 5.18% of Travel + Leisure worth $178,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in Travel + Leisure during the 3rd quarter worth $224,000. Janus Henderson Group PLC raised its stake in Travel + Leisure by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 34,730 shares of the company's stock worth $1,600,000 after purchasing an additional 5,503 shares in the last quarter. Stifel Financial Corp boosted its holdings in Travel + Leisure by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 109,589 shares of the company's stock valued at $5,050,000 after purchasing an additional 8,819 shares during the period. Barclays PLC grew its position in shares of Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Travel + Leisure by 168.3% in the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company's stock valued at $763,000 after buying an additional 10,382 shares during the period. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded up $0.41 during midday trading on Friday, reaching $41.42. The company had a trading volume of 684,900 shares, compared to its average volume of 624,228. The firm has a market cap of $2.76 billion, a PE ratio of 7.09, a P/E/G ratio of 0.67 and a beta of 1.40. The stock has a fifty day moving average price of $49.08 and a 200 day moving average price of $50.64. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. During the same period in the prior year, the firm posted $1.98 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 target price on the stock. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Mizuho restated a "neutral" rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays increased their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and an average target price of $62.20.

Insider Activity at Travel + Leisure

In related news, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on 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 owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

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.