New Age Alpha Advisors LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 55,539 shares of the company's stock, valued at approximately $2,802,000. New Age Alpha Advisors LLC owned 0.08% of Travel + Leisure as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc grew its position in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares during the last quarter. Hourglass Capital LLC increased its holdings in Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after purchasing an additional 230 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Travel + Leisure by 2.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company's stock valued at $451,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TNL. Tigress Financial increased their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Truist Financial increased their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.70.
Get Our Latest Research Report on TNL
Insider Activity at Travel + Leisure
In other news, Director George Herrera sold 6,336 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by corporate insiders.
Travel + Leisure Trading Down 10.4 %
Shares of NYSE:TNL traded down $5.02 during midday trading on Thursday, hitting $43.05. The company had a trading volume of 172,767 shares, compared to its average volume of 606,082. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The firm has a fifty day simple moving average of $52.62 and a 200 day simple moving average of $51.02. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. Equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 5.20%. Travel + Leisure's payout ratio is 38.36%.
Travel + Leisure Company Profile
(
Free Report)
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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