Orvieto Partners L.P. Buys Shares of 25,000 Travel + Leisure Co. (NYSE:TNL)

Orvieto Partners L.P. bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 25,000 shares of the company's stock, valued at approximately $1,261,000. Travel + Leisure accounts for 1.1% of Orvieto Partners L.P.'s holdings, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TNL. Smartleaf Asset Management LLC boosted its stake in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Cerity Partners LLC lifted 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 purchasing an additional 200 shares during the last quarter. UMB Bank n.a. grew its stake in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares in the last quarter. Finally, Hourglass Capital LLC increased its holdings in shares of Travel + Leisure by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after acquiring an additional 230 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 0.9 %

NYSE:TNL traded up $0.41 during mid-day trading on Friday, reaching $44.15. 796,136 shares of the stock were exchanged, compared to its average volume of 627,852. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market capitalization of $2.94 billion, a PE ratio of 7.56, a PEG ratio of 0.67 and a beta of 1.40. The business has a fifty day moving average price of $47.46 and a 200 day moving average price of $50.53.

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

Travel + Leisure Increases Dividend

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

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group dropped 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 note on Monday, April 14th. Tigress Financial lifted their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Mizuho reiterated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One 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 company's stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Company 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.