Travel + Leisure Co. (NYSE:TNL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,285 shares of the company's stock after selling 25,795 shares during the quarter. Victory Capital Management Inc. owned approximately 0.26% of Travel + Leisure worth $9,095,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Copeland Capital Management LLC lifted its stake in shares of Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after acquiring an additional 12,111 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after acquiring an additional 122,173 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Travel + Leisure by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock worth $45,691,000 after acquiring an additional 45,447 shares in the last quarter. Algert Global LLC lifted its stake in shares of Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock worth $14,712,000 after acquiring an additional 200,549 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Travel + Leisure by 1.3% in the third quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company's stock worth $13,412,000 after acquiring an additional 3,841 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

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost 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 $19,070,221.96. This represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Mizuho reissued a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One investment 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. According to MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and a consensus target price of $63.70.

Travel + Leisure Stock Up 3.0 %

Shares of NYSE:TNL traded up $1.42 during trading on Friday, hitting $48.04. 812,770 shares of the company traded hands, compared to its average volume of 578,959. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.67 and a beta of 1.61. The business's fifty day moving average is $53.70 and its 200-day moving average is $50.67. 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 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. On average, analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 4.66%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

About Travel + Leisure

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.