AlphaQuest LLC Decreases Holdings in Travel + Leisure Co. (NYSE:TNL)

AlphaQuest LLC decreased its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,438 shares of the company's stock after selling 26,126 shares during the quarter. AlphaQuest LLC's holdings in Travel + Leisure were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc boosted its position in shares of Travel + Leisure by 14.4% during the third quarter. Atria Investments Inc now owns 5,345 shares of the company's stock valued at $246,000 after buying an additional 672 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Travel + Leisure by 8.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,558 shares of the company's stock valued at $2,099,000 after acquiring an additional 3,359 shares in the last quarter. Empowered Funds LLC boosted its holdings in Travel + Leisure by 57.7% during the 3rd quarter. Empowered Funds LLC now owns 15,008 shares of the company's stock worth $692,000 after acquiring an additional 5,494 shares during the last quarter. Quest Partners LLC grew its stake in shares of Travel + Leisure by 42.3% in the 3rd quarter. Quest Partners LLC now owns 31,564 shares of the company's stock worth $1,454,000 after acquiring an additional 9,383 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its position in shares of Travel + Leisure by 70.4% during the third quarter. Savoir Faire Capital Management L.P. now owns 34,087 shares of the company's stock valued at $1,571,000 after purchasing an additional 14,087 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

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Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.02% of the company's stock.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Barclays upped their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Morgan Stanley started coverage on Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Truist Financial raised 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. Finally, Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.70.

Travel + Leisure Trading Up 3.1 %

Shares of NYSE TNL traded up $1.43 during midday trading on Wednesday, hitting $48.06. The company's stock had a trading volume of 392,665 shares, compared to its average volume of 608,193. The stock has a fifty day moving average price of $53.56 and a 200 day moving average price of $50.72. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a one year low of $39.91 and a one year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results 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. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the prior year, the business posted $1.98 earnings per share. The business's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. Travel + Leisure's dividend payout ratio is presently 38.36%.

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.