Oliver Luxxe Assets LLC Buys 1,648 Shares of Travel + Leisure Co. (NYSE:TNL)

Oliver Luxxe Assets LLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,603 shares of the company’s stock after acquiring an additional 1,648 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Travel + Leisure were worth $2,099,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 210 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Travel + Leisure in the 2nd quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Travel + Leisure during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now directly owns 120,602 shares in the company, valued at approximately $6,542,658.50. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,016 shares of company stock valued at $4,846,863 in the last quarter. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

NYSE:TNL traded up $1.51 during mid-day trading on Monday, hitting $51.36. The company had a trading volume of 338,236 shares, compared to its average volume of 439,105. Travel + Leisure Co. has a fifty-two week low of $37.99 and a fifty-two week high of $56.91. The firm has a market cap of $3.51 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.77 and a beta of 1.64. The business’s fifty day moving average is $52.48 and its two-hundred day moving average is $47.39.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. Equities analysts forecast that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. Travel + Leisure’s dividend payout ratio is 33.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TNL shares. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley began coverage on Travel + Leisure in a report on Monday. They issued an “overweight” rating and a $67.00 price target for the company. Truist Financial increased their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays upped their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. One investment 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. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and an average target price of $59.50.

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.