Wells Fargo & Company MN Has $3.44 Million Stock Position in Travel + Leisure Co. (NYSE:TNL)

Wells Fargo & Company MN boosted its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,228 shares of the company's stock after purchasing an additional 10,437 shares during the period. Wells Fargo & Company MN owned 0.10% of Travel + Leisure worth $3,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TNL. Barclays PLC lifted its position in shares of 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 buying an additional 100,440 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Travel + Leisure during the 4th quarter worth about $1,288,000. Atlas Capital Advisors Inc. lifted its position in shares of Travel + Leisure by 1,141.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares during the last quarter. Amundi lifted its position in shares of Travel + Leisure by 22.8% during the 4th quarter. Amundi now owns 5,940 shares of the company's stock worth $302,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after purchasing an additional 122,173 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of TNL stock traded down $0.06 during trading hours on Monday, hitting $43.96. The company had a trading volume of 909,850 shares, compared to its average volume of 628,981. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.40. The firm's fifty day moving average is $47.18 and its 200 day moving average is $50.55.

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 analysts' consensus estimates of $1.10 by $0.01. The business had revenue of $934.00 million for 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%. Travel + Leisure's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal 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 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 5.10%. Travel + Leisure's dividend payout ratio is 37.40%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TNL shares. Morgan Stanley cut their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Barclays cut their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday. Truist Financial upped their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Tigress Financial upped 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. Finally, Mizuho reaffirmed a "neutral" rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Insider Buying and Selling

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. 3.75% of the stock is owned by corporate insiders.

About Travel + Leisure

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.