Sherbrooke Park Advisers LLC Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Sherbrooke Park Advisers LLC bought a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,371 shares of the company's stock, valued at approximately $826,000.

Several other institutional investors have also modified their holdings of TNL. Redwood Investment Management LLC lifted its stake in shares of Travel + Leisure by 11.7% in the fourth quarter. Redwood Investment Management LLC now owns 107,713 shares of the company's stock worth $5,434,000 after buying an additional 11,305 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Travel + Leisure by 105.5% in the fourth quarter. Quantinno Capital Management LP now owns 74,210 shares of the company's stock worth $3,744,000 after buying an additional 38,100 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Travel + Leisure in the fourth quarter worth about $458,000. Nuveen Asset Management LLC lifted its stake in shares of Travel + Leisure by 25.1% in the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after buying an additional 180,059 shares in the last quarter. Finally, Mubadala Investment Co PJSC purchased a new position in shares of Travel + Leisure in the fourth quarter worth about $2,343,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, Director Denny Marie Post sold 5,500 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the transaction, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 6,336 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded down $0.34 on Monday, reaching $50.77. The company had a trading volume of 670,470 shares, compared to its average volume of 639,411. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The firm's 50 day moving average price is $45.39 and its two-hundred day moving average price is $50.64. The firm has a market cap of $3.37 billion, a PE ratio of 8.69, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 37.40%.

Analysts Set New Price Targets

TNL has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Tigress Financial boosted their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Mizuho reiterated a "neutral" rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group decreased their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.