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

Foster & Motley Inc. bought a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,366 shares of the company's stock, valued at approximately $478,000.

Several other hedge funds have also made changes to their positions in TNL. QRG Capital Management Inc. boosted its holdings in shares of Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company's stock worth $810,000 after purchasing an additional 432 shares during the period. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Travel + Leisure during the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its holdings in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after buying an additional 607 shares during the last quarter. Finally, Family Firm Inc. bought a new position in Travel + Leisure during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insiders Place Their Bets

In other news, Director Stephen P. Holmes sold 80,000 shares of the 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 completion of the transaction, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the 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 transaction, the insider now directly owns 24,491 shares of the company's stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,448 shares of company stock worth $4,294,241 over the last 90 days. Corporate insiders own 4.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial decreased their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Barclays raised their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, July 19th. Finally, Tigress Financial increased their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.67.

Travel + Leisure Price Performance

TNL stock traded up $0.30 on Friday, reaching $53.59. 391,692 shares of the company were exchanged, compared to its average volume of 589,680. The firm has a market capitalization of $3.67 billion, a PE ratio of 9.10, a PEG 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 $53.77. The stock's fifty day moving average price is $45.80 and its 200 day moving average price is $44.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The business's revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.73%. Travel + Leisure's dividend payout ratio (DPR) is currently 33.96%.

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.