25,000 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by Orvieto Partners L.P.

Orvieto Partners L.P. purchased a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company's stock, valued at approximately $1,261,000. Travel + Leisure makes up 1.1% of Orvieto Partners L.P.'s portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Travel + Leisure during the fourth quarter valued at approximately $1,288,000. Atlas Capital Advisors Inc. boosted its position in shares of Travel + Leisure by 1,141.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock valued at $594,000 after buying an additional 10,817 shares during the period. Amundi boosted its position in shares of Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company's stock valued at $302,000 after buying an additional 1,103 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Travel + Leisure by 4.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock valued at $10,130,000 after buying an additional 8,374 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Down 0.3 %

Shares of Travel + Leisure stock traded down $0.13 during trading on Tuesday, hitting $43.87. 228,435 shares of the stock traded hands, compared to its average volume of 627,455. The stock's fifty day simple moving average is $47.18 and its 200 day simple moving average is $50.55. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The firm has a market cap of $2.92 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

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

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.11%. The ex-dividend date was Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's payout ratio is 37.40%.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Barclays dropped their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Tigress Financial increased their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Truist Financial lifted their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Herrera sold 6,336 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

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.