Price T Rowe Associates Inc. MD Acquires 12,488 Shares of Travel + Leisure Co. (NYSE:TNL)

Price T Rowe Associates Inc. MD raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 455,491 shares of the company's stock after buying an additional 12,488 shares during the period. Price T Rowe Associates Inc. MD owned about 0.67% of Travel + Leisure worth $22,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares during the period. Oak Thistle LLC purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $1,288,000. Atlas Capital Advisors Inc. raised its position in 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 lifted its stake in Travel + Leisure by 22.8% in the 4th quarter. Amundi now owns 5,940 shares of the company's stock worth $302,000 after acquiring an additional 1,103 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Travel + Leisure by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock worth $10,130,000 after acquiring an additional 8,374 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the subject of several research reports. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. The Goldman Sachs Group reduced their price objective 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 lifted their price target on 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 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the 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.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company's stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents 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 Price Performance

Shares of Travel + Leisure stock traded up $0.30 during midday trading on Wednesday, hitting $46.82. 52,983 shares of the company were exchanged, compared to its average volume of 629,551. The firm has a 50 day simple moving average of $45.93 and a 200-day simple moving average of $50.48. 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 $3.11 billion, a P/E ratio of 8.00, a PEG ratio of 0.67 and a beta of 1.41.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 4.78%. Travel + Leisure's dividend payout ratio is 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.