8,891 Shares in Travel + Leisure Co. (NYSE:TNL) Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,891 shares of the company's stock, valued at approximately $449,000.

A number of other institutional investors also recently bought and sold shares of TNL. Barclays PLC raised its holdings in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares during the last quarter. FMR LLC lifted its holdings in shares of Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after buying an additional 58,008 shares during the period. Oak Thistle LLC purchased a new stake in shares of Travel + Leisure in the fourth quarter worth about $1,288,000. Atlas Capital Advisors Inc. grew its holdings in Travel + Leisure by 1,141.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after acquiring an additional 10,817 shares during the period. Finally, Amundi raised its position in Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company's stock valued at $302,000 after acquiring an additional 1,103 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.02% of the company's stock.

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Wall Street Analysts Forecast Growth

TNL has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho restated a "neutral" rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Morgan Stanley initiated coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an "overweight" rating and a $67.00 price target for the company. Finally, Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.70.

Travel + Leisure Price Performance

Shares of NYSE:TNL traded down $0.20 during midday trading on Monday, hitting $41.39. The company had a trading volume of 82,140 shares, compared to its average volume of 667,999. The business's 50-day simple moving average is $50.26 and its 200-day simple moving average is $50.83. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 earnings per share. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.41%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

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.