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

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

Several other large investors have also made changes to their positions in TNL. Jones Financial Companies Lllp purchased a new position in shares of Travel + Leisure during the 4th quarter valued at approximately $25,000. 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after acquiring an additional 503 shares during the last quarter. UMB Bank n.a. boosted its stake in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reduced their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Truist Financial upped their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group cut their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Stock Performance

TNL stock traded up $0.41 during trading on Friday, reaching $44.15. 796,136 shares of the company were exchanged, compared to its average volume of 628,107. The stock's 50 day moving average price is $47.46 and its 200 day moving average price is $50.49. The company has a market cap of $2.94 billion, a P/E ratio of 7.56, a PEG 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 issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a 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 is 37.40%.

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The sale was disclosed in a document filed 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 purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, 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. 3.75% of the stock is owned by company insiders.

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.