Diversify Advisory Services LLC Makes New $258,000 Investment in Travel + Leisure Co. (NYSE:TNL)

Diversify Advisory Services LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,159 shares of the company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its stake in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company's stock worth $27,624,000 after acquiring an additional 500,554 shares during the last quarter. Algert Global LLC grew its stake in shares of Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock worth $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Travel + Leisure in the second quarter valued at $7,480,000. Charles Schwab Investment Management Inc. raised its stake in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after buying an additional 138,153 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after buying an additional 100,440 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Barclays lifted their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a research note on Friday, December 13th. Morgan Stanley started coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They issued an "overweight" rating and a $67.00 price objective for the company. Truist Financial lifted their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus raised their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Travel + Leisure presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Travel + Leisure Trading Down 0.8 %

Shares of NYSE TNL traded down $0.43 during trading on Friday, reaching $53.15. The company had a trading volume of 371,328 shares, compared to its average volume of 475,313. The stock has a market capitalization of $3.64 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. Travel + Leisure Co. has a twelve month low of $39.66 and a twelve month high of $56.91. The stock has a 50-day moving average price of $52.65 and a two-hundred day moving average price of $48.10.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. On average, sell-side analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is 33.96%.

Insider Activity at Travel + Leisure

In related news, 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 transaction of $531,664.00. Following the completion of the transaction, the insider now owns 111,202 shares of the company's stock, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 19,016 shares of company stock worth $1,042,863. 4.02% of the stock is currently owned by insiders.

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.