Harvest Fund Management Co. Ltd Takes $316,000 Position in Travel + Leisure Co. (NYSE:TNL)

Harvest Fund Management Co. Ltd bought a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,254 shares of the company's stock, valued at approximately $316,000.

A number of other hedge funds have also added to or reduced their stakes in TNL. Barclays PLC boosted its stake in shares of 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 buying an additional 100,440 shares during the last quarter. FMR LLC boosted its position in Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after purchasing an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure during the fourth quarter valued at approximately $1,288,000. Captrust Financial Advisors acquired a new position in shares of Travel + Leisure during the 3rd quarter worth approximately $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Travel + Leisure during the 3rd quarter worth approximately $1,613,000. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

NYSE:TNL traded down $0.42 during mid-day trading on Tuesday, hitting $48.34. 857,472 shares of the stock were exchanged, compared to its average volume of 578,724. The firm's 50-day simple moving average is $53.28 and its 200 day simple moving average is $50.87. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95.

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

Travel + Leisure Increases Dividend

The firm also recently announced 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 represents a $2.24 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is presently 38.36%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TNL shares. Barclays raised their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Truist Financial boosted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Tigress Financial raised their target price on shares of 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 initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. One research 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.70.

Insiders Place Their Bets

In related news, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Herrera sold 6,336 shares of the firm's stock in a transaction on 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 transaction, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.02% of the company's stock.

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.