Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. raised its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 1,141.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,765 shares of the company's stock after buying an additional 10,817 shares during the period. Atlas Capital Advisors Inc.'s holdings in Travel + Leisure were worth $594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure in the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised its holdings in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after acquiring an additional 503 shares during the period. UMB Bank n.a. increased its holdings in 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. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TNL shares. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Truist Financial lifted their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price objective for the company. Finally, Tigress Financial raised their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $63.70.

Travel + Leisure Price Performance

Shares of TNL traded down $3.11 during midday trading on Thursday, reaching $40.78. 214,096 shares of the stock were exchanged, compared to its average volume of 616,551. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 7.02, a PEG 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. The business's 50-day moving average price is $50.80 and its 200 day moving average price is $50.86.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data 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. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million during the quarter, compared to analysts' expectations of $958.87 million. During the same quarter in the previous year, the business earned $1.98 earnings per share. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 5.49%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is presently 38.36%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 6,336 shares of the company'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 sale, the director now owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Travel + Leisure Company 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.