Envestnet Asset Management Inc. Grows Position in Travel + Leisure Co. (NYSE:TNL)

Envestnet Asset Management Inc. grew its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 200,787 shares of the company's stock after acquiring an additional 8,374 shares during the period. Envestnet Asset Management Inc. owned about 0.29% of Travel + Leisure worth $10,130,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TNL. Jones Financial Companies Lllp purchased a new stake in shares of Travel + Leisure during the fourth quarter worth $25,000. Versant Capital Management Inc increased its holdings in Travel + Leisure by 49.2% during 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 raised its position 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 purchasing an additional 503 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after buying an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC grew its position 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. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 1.1 %

TNL traded up $0.45 on Wednesday, hitting $43.09. 875,738 shares of the company traded hands, compared to its average volume of 630,375. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95. The company has a 50 day moving average of $48.24 and a 200-day moving average of $50.57. The stock has a market capitalization of $2.86 billion, a PE ratio of 7.37, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.01). The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. On average, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 5.20%. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio is currently 38.36%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 4.02% of the stock is owned by insiders.

Analyst Ratings Changes

TNL has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Tigress Financial raised their price target on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Morgan Stanley dropped their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.70.

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.