Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in Travel + Leisure Co. (NYSE:TNL) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,720 shares of the company’s stock after purchasing an additional 294 shares during the period. Xponance Inc.’s holdings in Travel + Leisure were worth $389,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in Travel + Leisure in the 4th quarter valued at approximately $25,000. 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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. grew its stake in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $47.95 on Thursday. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The firm has a market capitalization of $3.20 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.67 and a beta of 1.61. The company’s fifty day moving average price is $53.20 and its 200 day moving average price is $50.85.

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

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.56 per share. The ex-dividend date is 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 dividend yield of 4.67%. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

Analysts Set New Price Targets

TNL has been the subject of several recent research reports. Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Mizuho reiterated a “neutral” rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays increased their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.70.

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.