Barclays PLC lowered its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,791 shares of the company's stock after selling 42,535 shares during the period. Barclays PLC owned about 0.27% of Travel + Leisure worth $9,220,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the fourth quarter valued at about $25,000. Versant Capital Management Inc lifted its position in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after purchasing an additional 503 shares during the period. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.
Travel + Leisure Price Performance
TNL stock traded down $0.06 during midday trading on Monday, hitting $43.96. The stock had a trading volume of 909,850 shares, compared to its average volume of 628,981. The firm has a market cap of $2.92 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95. The company's 50-day moving average price is $47.18 and its 200 day moving average price is $50.55.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its 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 firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The company 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 is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 5.10%. The ex-dividend date was Monday, March 17th. Travel + Leisure's payout ratio is presently 37.40%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TNL. The Goldman Sachs Group reduced their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial lifted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial lifted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Mizuho reiterated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.
Read Our Latest Research Report on Travel + Leisure
Insiders Place Their Bets
In other news, Director George Herrera sold 6,336 shares of the business's stock in a transaction 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 sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought 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 ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by corporate insiders.
About Travel + Leisure
(
Free Report)
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.
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