Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 520,094 shares of the company’s stock after purchasing an additional 9,921 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Travel + Leisure worth $20,330,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after buying an additional 416 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Travel + Leisure by 334.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after acquiring an additional 588 shares during the period. GAMMA Investing LLC acquired a new position in Travel + Leisure in the fourth quarter worth about $36,000. Arlington Trust Co LLC bought a new position in Travel + Leisure during the fourth quarter worth about $53,000. Finally, Quent Capital LLC boosted its holdings in Travel + Leisure by 23.6% during the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after purchasing an additional 278 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on TNL shares. JMP Securities initiated coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price for the company. Barclays boosted their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Truist Financial increased their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Mizuho assumed coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.
View Our Latest Stock Analysis on Travel + Leisure
Insider Transactions at Travel + Leisure
In related news, insider James J. Savina sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now owns 26,442 shares in the company, valued at $1,242,774. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares in the company, valued at approximately $1,242,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Savina sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the transaction, the insider now directly owns 15,860 shares in the company, valued at approximately $716,554.80. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last 90 days. 4.02% of the stock is owned by insiders.
Travel + Leisure Stock Up 2.9 %
Shares of NYSE:TNL opened at $44.15 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.41 and a beta of 1.63. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The company’s 50-day moving average price is $45.73 and its two-hundred day moving average price is $42.15.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The business had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the prior year, the firm earned $0.89 earnings per share. Travel + Leisure’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Travel + Leisure Co. will post 5.52 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.53%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.
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.
Further Reading
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