Bridgewater Associates LP Buys 27,779 Shares of Travel + Leisure Co. (NYSE:TNL)

Bridgewater Associates LP grew its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 67,346 shares of the company's stock after acquiring an additional 27,779 shares during the quarter. Bridgewater Associates LP owned about 0.10% of Travel + Leisure worth $3,398,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after purchasing an additional 12,111 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after purchasing an additional 122,173 shares during the last quarter. Norges Bank acquired a new stake in shares of Travel + Leisure during the fourth quarter worth $45,804,000. Finally, Bank of New York Mellon Corp increased its position in shares of Travel + Leisure by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock worth $45,691,000 after buying an additional 45,447 shares during the period. 87.54% of the stock is owned by institutional investors.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the 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 transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TNL. The Goldman Sachs Group cut their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Tigress Financial increased their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Mizuho reiterated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays lifted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Finally, Truist Financial raised their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One 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 MarketBeat.com, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $60.70.

Travel + Leisure Stock Up 3.0 %

Travel + Leisure stock traded up $1.25 during midday trading on Tuesday, hitting $42.07. 542,688 shares of the stock were exchanged, compared to its average volume of 682,864. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The business's 50-day moving average price is $48.52 and its 200-day moving average price is $50.63. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. On average, sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 5.33%. Travel + Leisure's dividend payout ratio (DPR) is currently 38.36%.

About Travel + Leisure

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.