Oak Thistle LLC Acquires Shares of 26,762 Travel + Leisure Co. (NYSE:TNL)

Oak Thistle LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,762 shares of the company's stock, valued at approximately $1,046,000.

Several other institutional investors have also bought and sold shares of TNL. Penserra Capital Management LLC bought a new stake in Travel + Leisure during the first quarter worth approximately $31,000. Lazard Asset Management LLC bought a new stake in shares of Travel + Leisure during the first quarter worth $34,000. Quent Capital LLC grew its holdings in shares of Travel + Leisure by 100.0% during the third quarter. Quent Capital LLC now owns 1,176 shares of the company's stock worth $43,000 after purchasing an additional 588 shares during the last quarter. Perkins Coie Trust Co bought a new position in Travel + Leisure in the third quarter valued at about $55,000. Finally, CWM LLC boosted its holdings in Travel + Leisure by 332.7% in the third quarter. CWM LLC now owns 2,025 shares of the company's stock valued at $74,000 after acquiring an additional 1,557 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Insiders Place Their Bets

In other news, insider James J. Savina sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the sale, the insider now directly owns 26,442 shares of the company's stock, valued at approximately $1,242,774. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the stock in a transaction dated 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 directly owns 2,193 shares in the company, valued at $99,408.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now owns 26,442 shares of the company's stock, valued at $1,242,774. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock worth $1,318,358 in the last three months. 2.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TNL. Mizuho started coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a "neutral" rating and a $55.00 price target on the stock. JMP Securities started coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 price objective on the stock. Jefferies Financial Group upgraded 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 increased their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Finally, Barclays raised their price objective on 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Travel + Leisure has a consensus rating of "Hold" and an average price target of $53.63.

Travel + Leisure Stock Performance

Shares of TNL traded down $0.53 during trading hours on Tuesday, hitting $47.33. The company had a trading volume of 750,100 shares, compared to its average volume of 531,722. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The firm has a fifty day moving average price of $43.83 and a 200-day moving average price of $39.37. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.33 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.61. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.30 EPS. Research analysts anticipate 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. Shareholders of record on Thursday, March 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.23%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure's dividend payout ratio is presently 37.59%.

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.