LSV Asset Management Sells 18,800 Shares of Travel + Leisure Co. (NYSE:TNL)

LSV Asset Management reduced its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,509 shares of the company's stock after selling 18,800 shares during the period. LSV Asset Management owned approximately 0.76% of Travel + Leisure worth $21,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Travel + Leisure by 34.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company's stock valued at $63,830,000 after acquiring an additional 447,938 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Travel + Leisure by 3.2% in the 3rd 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. Hsbc Holdings PLC increased its holdings in shares of Travel + Leisure by 747.6% during the 3rd quarter. Hsbc Holdings PLC now owns 159,662 shares of the company's stock worth $5,864,000 after buying an additional 140,826 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Travel + Leisure by 87.9% during the 4th quarter. Retirement Systems of Alabama now owns 281,799 shares of the company's stock valued at $11,016,000 after buying an additional 131,796 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Travel + Leisure in the third quarter valued at approximately $2,661,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Down 0.0 %

TNL stock traded down $0.02 during trading on Tuesday, hitting $45.45. 501,443 shares of the company's stock were exchanged, compared to its average volume of 558,978. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 2.51 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The business has a 50-day moving average price of $45.73 and a two-hundred day moving average price of $41.09.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $916.00 million during the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. Travel + Leisure's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts anticipate that Travel + Leisure Co. will post 5.52 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 given a $0.50 dividend. This is an increase from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. This represents a $2.00 annualized dividend and a yield of 4.40%. Travel + Leisure's dividend payout ratio is 36.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JMP Securities started coverage on Travel + Leisure in a research report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 target price on the stock. Mizuho assumed coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 target price on the stock. Barclays boosted their target price on Travel + Leisure from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, April 25th. Finally, Truist Financial increased their price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.83.

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares of the company's stock, valued at approximately $99,408.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the sale, the insider now directly owns 54,657 shares in the company, valued at $2,472,682.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Herrera sold 2,969 shares of the 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 transaction, the director now owns 2,193 shares of the company's stock, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 in the last 90 days. Company insiders own 4.02% of the company's stock.

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.