Inceptionr LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,246 shares of the company's stock, valued at approximately $618,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC raised its stake in Travel + Leisure by 168.9% in the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company's stock valued at $14,712,000 after acquiring an additional 200,549 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Travel + Leisure by 21.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after acquiring an additional 138,153 shares during the period. Barclays PLC raised its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares during the period. Raymond James Financial Inc. acquired a new position in Travel + Leisure in the 4th quarter valued at $3,850,000. Finally, FMR LLC grew its holdings in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after buying an additional 58,008 shares in the last quarter. Institutional investors own 87.54% of the company's stock.
Travel + Leisure Stock Performance
Travel + Leisure stock traded up $0.12 during mid-day trading on Friday, reaching $53.61. The stock had a trading volume of 731,494 shares, compared to its average volume of 570,794. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95. The stock's 50-day simple moving average is $53.86 and its 200-day simple moving average is $50.44. The firm has a market capitalization of $3.58 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its 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 company had revenue of $971.00 million for the quarter, compared to analysts' expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.98 earnings per share. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 4.18%. The ex-dividend date is Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 34.25%.
Analyst Ratings Changes
A number of research analysts have commented on TNL shares. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They issued an "overweight" rating and a $67.00 price objective on the stock. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Truist Financial increased their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday. Barclays increased their target price on Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus increased their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.70.
View Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Profile
(
Free Report)
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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