Three Seasons Wealth LLC Acquires Shares of 9,624 Travel + Leisure Co. (NYSE:TNL)

Three Seasons Wealth LLC bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,624 shares of the company's stock, valued at approximately $486,000.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Travel + Leisure during the fourth quarter worth $25,000. Versant Capital Management Inc raised its stake in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after buying an additional 503 shares during the last quarter. Natixis bought a new position in Travel + Leisure during the fourth quarter worth $37,000. Finally, UMB Bank n.a. raised its stake in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction 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 approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, with a total value 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 $19,070,221.96. The trade was a 0.49 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday. Tigress Financial lifted their price target 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 decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded down $0.06 on Monday, hitting $43.96. The company had a trading volume of 909,850 shares, compared to its average volume of 628,981. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The stock has a 50 day moving average of $47.18 and a 200-day moving average of $50.55.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 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 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. Equities analysts anticipate 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 $0.56 dividend. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 5.10%. Travel + Leisure's dividend payout ratio is 37.40%.

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.