Barclays PLC lifted its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 80.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 225,326 shares of the company's stock after buying an additional 100,440 shares during the quarter. Barclays PLC owned approximately 0.33% of Travel + Leisure worth $10,383,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in TNL. SG Americas Securities LLC raised its stake in Travel + Leisure by 231.4% in the 2nd quarter. SG Americas Securities LLC now owns 12,111 shares of the company's stock valued at $545,000 after purchasing an additional 8,457 shares during the last quarter. Raymond James & Associates lifted its position in Travel + Leisure by 6.7% during the second quarter. Raymond James & Associates now owns 36,944 shares of the company's stock worth $1,662,000 after buying an additional 2,326 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Travel + Leisure by 10.8% in the second quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the company's stock worth $2,490,000 after acquiring an additional 5,400 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at $31,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after buying an additional 607 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.
Insider Transactions at Travel + Leisure
In related news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction dated 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 completion of the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 9,400 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,016 shares of company stock valued at $4,846,863. 4.02% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TNL. Truist Financial upped 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. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays raised their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an "underweight" rating in a report on Friday. Finally, Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.
Read Our Latest Stock Analysis on TNL
Travel + Leisure Stock Down 1.4 %
Shares of TNL traded down $0.72 during mid-day trading on Tuesday, reaching $52.61. 665,353 shares of the stock traded hands, compared to its average volume of 582,254. The stock has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $46.80. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.77 and a beta of 1.63. Travel + Leisure Co. has a 12-month low of $37.99 and a 12-month high of $56.91.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company's revenue was up .7% compared to the same quarter last year. On average, equities research analysts expect 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 will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is currently 33.96%.
About Travel + Leisure
(
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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