Oak Thistle LLC Takes $1.29 Million Position in Travel + Leisure Co. (NYSE:TNL)

Oak Thistle LLC bought a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 25,532 shares of the company's stock, valued at approximately $1,288,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Travel + Leisure in the second quarter worth about $38,000. Envestnet Asset Management Inc. raised its holdings in Travel + Leisure by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 188,831 shares of the company's stock worth $8,494,000 after purchasing an additional 2,746 shares during the period. Dimensional Fund Advisors LP boosted its position in Travel + Leisure by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock worth $63,547,000 after purchasing an additional 57,587 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new stake in Travel + Leisure in the second quarter valued at approximately $900,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Travel + Leisure by 23.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,768 shares of the company's stock valued at $384,000 after purchasing an additional 1,657 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TNL. Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Barclays increased their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an "underweight" rating in a report on Friday, December 13th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an "overweight" rating and a $67.00 target price for the company. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded down $0.03 during trading on Wednesday, hitting $51.81. 462,646 shares of the company were exchanged, compared to its average volume of 554,150. Travel + Leisure Co. has a 12-month low of $37.99 and a 12-month high of $56.91. The company has a fifty day moving average price of $52.76 and a 200-day moving average price of $47.70. The firm has a market capitalization of $3.54 billion, a PE ratio of 8.80, a P/E/G ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 EPS. Research analysts anticipate that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.86%. Travel + Leisure's dividend payout ratio is currently 33.96%.

Insider Activity

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 5,009 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the transaction, the insider now owns 125,209 shares of the company's stock, valued at approximately $6,530,901.44. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,016 shares of company stock valued at $4,846,863 in the last quarter. Insiders own 4.02% of the company's stock.

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.