Invesco Ltd. Grows Position in Travel + Leisure Co. (NYSE:TNL)

Invesco Ltd. lifted its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,544,548 shares of the company's stock after buying an additional 163,804 shares during the period. Invesco Ltd. owned approximately 5.18% of Travel + Leisure worth $178,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Cerity Partners LLC grew its position in shares of Travel + Leisure by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after acquiring an additional 200 shares during the last quarter. UMB Bank n.a. raised its position 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. Versant Capital Management Inc boosted its stake in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after purchasing an additional 210 shares during the period. Finally, Hourglass Capital LLC grew its position in Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after purchasing an additional 230 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price 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. Mizuho reaffirmed a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an "overweight" rating and a $67.00 price target on the stock. One 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.20.

Travel + Leisure Stock Up 0.9 %

Shares of Travel + Leisure stock traded up $0.36 on Tuesday, hitting $41.80. The company's stock had a trading volume of 729,424 shares, compared to its average volume of 622,280. The firm has a fifty day moving average price of $49.66 and a 200-day moving average price of $50.73. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The company has a market capitalization of $2.79 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 EPS. As a group, analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.36%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

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.