Great Lakes Advisors LLC Has $15.83 Million Stock Position in Travel + Leisure Co. (NYSE:TNL)

Great Lakes Advisors LLC grew its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 313,768 shares of the company's stock after acquiring an additional 75,075 shares during the quarter. Great Lakes Advisors LLC owned 0.46% of Travel + Leisure worth $15,830,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its position 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 acquiring an additional 100,440 shares during the last quarter. FMR LLC boosted its position in Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company's stock worth $12,054,000 after acquiring an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure during the 4th quarter worth approximately $1,288,000. Captrust Financial Advisors acquired a new position in Travel + Leisure during the 3rd quarter worth approximately $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Travel + Leisure during the 3rd quarter worth approximately $1,613,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $48.76 on Thursday. The business has a fifty day simple moving average of $53.80 and a two-hundred day simple moving average of $50.57. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 0.67 and a beta of 1.61.

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Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. As a group, equities analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.59%. Travel + Leisure's dividend payout ratio (DPR) is presently 38.36%.

Wall Street Analyst Weigh In

TNL has been the subject of several recent analyst reports. Barclays increased their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Tigress Financial increased their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $63.70.

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.

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