Wells Fargo & Company MN Raises Holdings in Travel + Leisure Co. (NYSE:TNL)

Wells Fargo & Company MN raised its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,228 shares of the company's stock after buying an additional 10,437 shares during the quarter. Wells Fargo & Company MN owned approximately 0.10% of Travel + Leisure worth $3,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TNL. Barclays PLC raised its position in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after purchasing an additional 100,440 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Travel + Leisure by 168.3% in the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company's stock valued at $763,000 after buying an additional 10,382 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Travel + Leisure by 182.9% during the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company's stock worth $2,337,000 after buying an additional 33,111 shares during the period. Versant Capital Management Inc grew its holdings in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock valued at $81,000 after acquiring an additional 379 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost 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. The trade was a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TNL shares. Tigress Financial boosted their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial raised their target price 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. The Goldman Sachs Group dropped their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure Stock Up 0.9 %

NYSE TNL traded up $0.41 during mid-day trading on Friday, hitting $44.15. The stock had a trading volume of 796,136 shares, compared to its average volume of 628,107. The company has a 50 day simple moving average of $47.46 and a 200 day simple moving average of $50.49. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. As a group, equities analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.07%. Travel + Leisure's payout ratio is 37.40%.

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.