Travel + Leisure Co. (NYSE:TNL) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,477,016 shares of the company's stock after selling 66,183 shares during the period. Copeland Capital Management LLC owned 2.04% of Travel + Leisure worth $57,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TNL. Vanguard Group Inc. increased its position in shares of Travel + Leisure by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company's stock valued at $376,691,000 after buying an additional 322,624 shares during the period. BlackRock Inc. increased its position in shares of Travel + Leisure by 13.9% during the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company's stock valued at $568,206,000 after buying an additional 1,197,611 shares during the period. Invesco Ltd. increased its position in shares of Travel + Leisure by 11.8% during the first quarter. Invesco Ltd. now owns 6,057,641 shares of the company's stock valued at $350,980,000 after buying an additional 636,968 shares during the period. State Street Corp increased its position in shares of Travel + Leisure by 3.0% during the second quarter. State Street Corp now owns 2,515,891 shares of the company's stock valued at $97,667,000 after buying an additional 74,254 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Travel + Leisure by 34.7% during the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company's stock valued at $63,830,000 after buying an additional 447,938 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Trading Up 1.1 %

Shares of NYSE:TNL traded up $0.55 during trading on Friday, reaching $48.96. 859,367 shares of the company traded hands, compared to its average volume of 571,086. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 1.33 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The business's fifty day moving average is $43.66 and its 200-day moving average is $39.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.61. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $946.56 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. On average, sell-side analysts predict that Travel + Leisure Co. will post 5.4 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were paid a $0.50 dividend. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 dividend on an annualized basis and a yield of 4.08%. Travel + Leisure's dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TNL shares. JMP Securities started coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 price objective on the stock. Mizuho started coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 price objective on the stock. Jefferies Financial Group upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Truist Financial upped their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Finally, Barclays upped their price objective on shares of Travel + Leisure from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Hold" and an average target price of $53.63.

Insider Buying and Selling

In related news, Director George Herrera sold 2,969 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares of the company's stock, valued at $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director George Herrera sold 2,969 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares of the company's stock, valued at $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Savina sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the sale, the insider now directly owns 26,442 shares of the company's stock, valued at approximately $1,242,774. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock valued at $1,318,358 over the last quarter. 2.07% of the stock is owned by company 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.