Three Seasons Wealth LLC Invests $486,000 in Travel + Leisure Co. (NYSE:TNL)

Three Seasons Wealth LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,624 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds have also added to or reduced their stakes in TNL. Barclays PLC increased its holdings 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 purchasing an additional 100,440 shares in the last quarter. Franklin Resources Inc. increased its holdings in Travel + Leisure by 182.9% in the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company's stock worth $2,337,000 after purchasing an additional 33,111 shares in the last quarter. Versant Capital Management Inc increased its holdings in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after purchasing an additional 210 shares in the last quarter. GAMMA Investing LLC increased its holdings in Travel + Leisure by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock worth $81,000 after purchasing an additional 379 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its holdings in Travel + Leisure by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,603 shares of the company's stock worth $2,099,000 after purchasing an additional 1,648 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael Dean Brown acquired 2,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 6,336 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

Wall Street Analysts Forecast Growth

TNL has been the subject of several recent research reports. Barclays decreased their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Morgan Stanley decreased their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure Trading Down 1.6 %

Shares of NYSE:TNL traded down $0.72 during mid-day trading on Wednesday, hitting $43.48. 196,544 shares of the company traded hands, compared to its average volume of 626,373. The stock has a 50-day moving average price of $46.92 and a two-hundred day moving average price of $50.51. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95. The stock has a market cap of $2.89 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.67 and a beta of 1.40.

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 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 business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently declared 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. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 37.40%.

Travel + Leisure Company 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.