Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 182.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,216 shares of the company's stock after buying an additional 33,111 shares during the quarter. Franklin Resources Inc. owned about 0.07% of Travel + Leisure worth $2,337,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its stake in 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after acquiring an additional 607 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the second quarter valued at about $36,000. DekaBank Deutsche Girozentrale acquired a new stake in Travel + Leisure during the second quarter worth about $38,000. Finally, Brooklyn Investment Group purchased a new position in Travel + Leisure during the third quarter worth about $43,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on TNL shares. Truist Financial lifted their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Barclays upped their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an "underweight" rating in a research report on Friday, December 13th. Finally, Tigress Financial boosted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.50.

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 stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company's stock, valued at $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 available through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,016 shares of company stock valued at $4,846,863 over the last quarter. 4.02% of the stock is owned by insiders.

Travel + Leisure Stock Performance

Shares of TNL traded down $0.48 during midday trading on Friday, hitting $50.55. The company had a trading volume of 250,088 shares, compared to its average volume of 583,354. Travel + Leisure Co. has a 1 year low of $37.99 and a 1 year high of $56.91. The firm has a market capitalization of $3.46 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.77 and a beta of 1.63. The company's 50-day simple moving average is $52.13 and its 200-day simple moving average is $47.15.

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, topping analysts' consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a dividend yield of 3.96%. Travel + Leisure's payout ratio is currently 33.96%.

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.