Yousif Capital Management LLC lowered its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,458 shares of the company’s stock after selling 645 shares during the quarter. Yousif Capital Management LLC’s holdings in Travel + Leisure were worth $1,386,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Travel + Leisure by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock valued at $376,691,000 after acquiring an additional 322,624 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Travel + Leisure by 34.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock worth $63,830,000 after acquiring an additional 447,938 shares during the last quarter. LSV Asset Management boosted its holdings in Travel + Leisure by 2.0% during the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company’s stock valued at $21,021,000 after acquiring an additional 11,400 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Travel + Leisure by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 510,173 shares of the company’s stock worth $18,739,000 after purchasing an additional 5,600 shares during the period. Finally, Advisors Capital Management LLC lifted its position in shares of Travel + Leisure by 3.0% during the third quarter. Advisors Capital Management LLC now owns 412,172 shares of the company’s stock worth $15,139,000 after purchasing an additional 11,910 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on TNL shares. Truist Financial raised their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Mizuho assumed coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Barclays boosted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, JMP Securities initiated coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.
Check Out Our Latest Stock Report on Travel + Leisure
Insider Buying and Selling
In related news, insider James J. Savina sold 15,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $716,554.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the transaction, the insider now directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the transaction, the director now owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders have sold a total of 28,922 shares of company stock worth $1,318,358 in the last ninety days. 4.02% of the stock is owned by insiders.
Travel + Leisure Stock Up 0.5 %
Shares of TNL stock opened at $44.72 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 2.50 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The company’s 50 day moving average is $45.73 and its 200 day moving average is $40.85.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Analysts anticipate that Travel + Leisure Co. will post 5.52 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.47%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is 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.
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