Charles Schwab Investment Management Inc. Boosts Position in Travel + Leisure Co. (NYSE:TNL)

Charles Schwab Investment Management Inc. lifted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 21.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 792,979 shares of the company's stock after purchasing an additional 138,153 shares during the period. Charles Schwab Investment Management Inc. owned about 1.16% of Travel + Leisure worth $36,540,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TNL. UMB Bank n.a. lifted its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc purchased a new stake in Travel + Leisure during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after acquiring an additional 607 shares during the last quarter. Family Firm Inc. purchased a new stake in Travel + Leisure during the second quarter valued at approximately $31,000. Finally, Larson Financial Group LLC purchased a new position in shares of Travel + Leisure in the second quarter worth $36,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 9,400 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,455 shares of company stock valued at $5,075,834. Insiders own 4.02% of the company's stock.

Travel + Leisure Stock Down 0.2 %

NYSE TNL traded down $0.11 on Tuesday, hitting $55.24. 909,879 shares of the stock were exchanged, compared to its average volume of 582,952. Travel + Leisure Co. has a fifty-two week low of $36.09 and a fifty-two week high of $56.91. The company has a market cap of $3.78 billion, a PE ratio of 9.38, a PEG ratio of 0.80 and a beta of 1.63. The company has a 50-day moving average price of $49.62 and a 200-day moving average price of $46.03.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, equities research analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. Travel + Leisure's payout ratio is 33.96%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TNL. Barclays increased their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Truist Financial raised their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.80.

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.