Fmr LLC Has $12.05 Million Stock Position in Travel + Leisure Co. (NYSE:TNL)

FMR LLC lifted its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 28.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 261,599 shares of the company's stock after buying an additional 58,008 shares during the period. FMR LLC owned about 0.38% of Travel + Leisure worth $12,054,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after buying an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after buying an additional 607 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Travel + Leisure during the second quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of Travel + Leisure during the second quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure during the second quarter worth approximately $38,000. Institutional investors own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 2,193 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,209 shares of company stock worth $4,940,022 in the last ninety days. Insiders own 4.02% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TNL shares. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Truist Financial raised their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays raised their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.80.

Travel + Leisure Price Performance

TNL stock traded down $0.21 during midday trading on Thursday, hitting $53.78. The company's stock had a trading volume of 309,633 shares, compared to its average volume of 582,276. Travel + Leisure Co. has a twelve month low of $36.77 and a twelve month high of $56.91. The company's fifty day moving average price is $50.84 and its 200 day moving average price is $46.52. The stock has a market capitalization of $3.68 billion, a P/E ratio of 9.15, a PEG ratio of 0.78 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $993.00 million for the quarter, compared to analyst estimates 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 revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. Equities analysts expect that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. Travel + Leisure's dividend payout ratio is presently 33.96%.

Travel + Leisure Company 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.