Charles Schwab Investment Management Inc. Buys 122,173 Shares of Travel + Leisure Co. (NYSE:TNL)

Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 915,152 shares of the company's stock after acquiring an additional 122,173 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.34% of Travel + Leisure worth $46,169,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its position in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Factorial Partners LLC boosted its position in shares of Travel + Leisure by 28.7% in the 4th quarter. Factorial Partners LLC now owns 87,500 shares of the company's stock worth $4,414,000 after purchasing an additional 19,500 shares in the last quarter. US Bancorp DE boosted its position in shares of Travel + Leisure by 5.3% in the 4th quarter. US Bancorp DE now owns 23,707 shares of the company's stock worth $1,196,000 after purchasing an additional 1,199 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Travel + Leisure by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 19,849 shares of the company's stock worth $1,001,000 after purchasing an additional 1,023 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of analysts have recently commented on TNL shares. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group boosted their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Tigress Financial upped 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. Finally, Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus target price of $63.70.

Travel + Leisure Stock Down 2.9 %

TNL traded down $1.39 during mid-day trading on Tuesday, reaching $46.61. 663,778 shares of the company traded hands, compared to its average volume of 579,838. The stock has a market capitalization of $3.11 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.67 and a beta of 1.61. The company's fifty day moving average price is $53.64 and its 200-day moving average price is $50.70. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

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, beating analysts' consensus estimates of $1.68 by $0.04. The business 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%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 EPS. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.81%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.02% of the stock is currently owned by company insiders.

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.