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

Sherbrooke Park Advisers LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,371 shares of the company's stock, valued at approximately $826,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. Smartleaf Asset Management LLC grew its stake in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after acquiring an additional 181 shares during the period. Cerity Partners LLC raised its stake in shares of Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. grew its position in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after buying an additional 204 shares during the period. Capital Analysts LLC increased its holdings in Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after buying an additional 227 shares during the last quarter. Finally, Hourglass Capital LLC raised its position in Travel + Leisure by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after acquiring an additional 230 shares during the period. Institutional investors own 87.54% of the company's stock.

Insider Activity

In related news, Director Denny Marie Post sold 5,500 shares of Travel + Leisure stock in a transaction that occurred on Monday, May 12th. The shares were 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 owns 4,477 shares in the company, valued at approximately $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.75% of the company's stock.

Travel + Leisure Trading Down 2.2%

TNL traded down $1.10 during trading on Wednesday, hitting $48.56. 379,459 shares of the company traded hands, compared to its average volume of 689,221. The company has a market cap of $3.23 billion, a PE ratio of 8.32, a P/E/G ratio of 0.67 and a beta of 1.41. The stock's 50-day simple moving average is $45.45 and its two-hundred day simple moving average is $50.63. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. Equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 4.61%. Travel + Leisure's payout ratio is presently 37.40%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TNL shares. The Goldman Sachs Group decreased their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Truist Financial increased their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays cut their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Travel + Leisure 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.