Guggenheim Capital LLC Has $448,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Guggenheim Capital LLC lowered its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 41.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,883 shares of the company's stock after selling 6,196 shares during the period. Guggenheim Capital LLC's holdings in Travel + Leisure were worth $448,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the fourth quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. lifted its stake in 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 purchasing an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

NYSE:TNL opened at $44.15 on Friday. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The firm's fifty day moving average is $47.46 and its 200-day moving average is $50.53. The firm has a market cap of $2.94 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 5.07%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio (DPR) is currently 37.40%.

Insiders Place Their Bets

In related news, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Dean Brown purchased 2,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group dropped their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Barclays reduced their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and an average target price of $59.20.

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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