Barclays PLC Sells 42,535 Shares of Travel + Leisure Co. (NYSE:TNL)

Barclays PLC cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,791 shares of the company's stock after selling 42,535 shares during the quarter. Barclays PLC owned approximately 0.27% of Travel + Leisure worth $9,220,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Travel + Leisure during the 4th quarter valued at $45,804,000. Invesco Ltd. raised its stake in shares of Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after purchasing an additional 122,173 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Travel + Leisure by 177.5% during the fourth quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock worth $8,470,000 after purchasing an additional 107,389 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Travel + Leisure in the fourth quarter worth about $4,639,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

NYSE:TNL traded up $0.41 during trading hours on Friday, hitting $44.15. 796,136 shares of the company's stock traded hands, compared to its average volume of 628,107. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm has a market cap of $2.94 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.67 and a beta of 1.40. The stock's fifty day moving average price is $47.46 and its two-hundred day moving average price is $50.49.

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

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 5.07%. 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 (DPR) is currently 37.40%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction that occurred on 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 purchase, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction 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 transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of research analyst reports. 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. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Morgan Stanley dropped their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday. Barclays reduced their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Truist Financial increased their price objective 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. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $59.20.

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.