Wealthfront Advisers LLC Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Wealthfront Advisers LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,166 shares of the company's stock, valued at approximately $563,000.

A number of other hedge funds also recently bought and sold shares of the business. Algert Global LLC lifted its stake in Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock worth $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after purchasing an additional 138,153 shares during the period. Barclays PLC grew its stake in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Travel + Leisure during the 4th quarter worth about $4,639,000. Finally, Raymond James Financial Inc. acquired a new stake in Travel + Leisure in the 4th quarter valued at about $3,850,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

NYSE TNL traded up $0.04 during trading on Monday, reaching $48.02. The company's stock had a trading volume of 742,942 shares, compared to its average volume of 576,643. The business's fifty day moving average price is $53.64 and its 200-day moving average price is $50.70. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.67 and a beta of 1.61.

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Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the prior year, the business earned $1.98 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.56 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.67%. The ex-dividend date is Monday, March 17th. Travel + Leisure's payout ratio is currently 38.36%.

Insiders Place Their Bets

In other news, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.02% of the stock is owned by insiders.

Analyst Ratings Changes

TNL has been the topic of several analyst reports. Tigress Financial raised their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Mizuho restated 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. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Finally, Truist Financial raised their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.70.

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.