Personal CFO Solutions LLC Sells 836 Shares of Travel + Leisure Co. (NYSE:TNL)

Personal CFO Solutions LLC decreased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 7.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,733 shares of the company’s stock after selling 836 shares during the quarter. Personal CFO Solutions LLC’s holdings in Travel + Leisure were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure during the 4th quarter worth $25,000. Versant Capital Management Inc boosted its stake 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 buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 503 shares in the last quarter. UMB Bank n.a. raised 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 last quarter. Finally, Smartleaf Asset Management LLC raised 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 last quarter. Institutional investors own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Morgan Stanley started coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Stock Performance

NYSE:TNL opened at $53.61 on Monday. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.67 and a beta of 1.61. The business’s fifty day moving average is $53.86 and its 200 day moving average is $50.50.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the previous year, the business earned $1.98 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, March 17th. 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 4.18%. Travel + Leisure’s dividend payout ratio is currently 34.25%.

Travel + Leisure 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.