10,366 Shares in Travel + Leisure Co. (NYSE:TNL) Bought by Foster & Motley Inc.

Foster & Motley Inc. bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,366 shares of the company's stock, valued at approximately $478,000.

Other hedge funds have also made changes to their positions in the company. Swedbank AB bought a new stake in shares of Travel + Leisure in the 1st quarter valued at approximately $33,598,000. Millennium Management LLC boosted its position in Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after purchasing an additional 500,554 shares during the period. Acadian Asset Management LLC grew its stake in Travel + Leisure by 318.4% during the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock worth $18,217,000 after buying an additional 308,391 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Travel + Leisure in the second quarter worth $7,480,000. Finally, LSV Asset Management lifted its stake in Travel + Leisure by 23.1% in the second quarter. LSV Asset Management now owns 725,381 shares of the company's stock valued at $32,628,000 after buying an additional 136,281 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Analysts Set New Price Targets

TNL has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Barclays increased their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Tigress Financial lifted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Truist Financial decreased their price target on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

Travel + Leisure Stock Up 1.8 %

Shares of NYSE TNL opened at $53.29 on Friday. The business has a fifty day simple moving average of $45.80 and a 200-day simple moving average of $44.95. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.76 and a beta of 1.61. Travel + Leisure Co. has a 12 month low of $34.12 and a 12 month high of $53.52.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. During the same period last year, the company posted $1.54 earnings per share. The business's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. Travel + Leisure's dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Amandine Robin-Caplan sold 3,246 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,448 shares of company stock worth $4,294,241. 4.02% of the stock is owned by corporate insiders.

About Travel + Leisure

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.