Wilmington Savings Fund Society FSB Increases Stock Position in Travel + Leisure Co. (NYSE:TNL)

Wilmington Savings Fund Society FSB raised its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 3,454.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,261 shares of the company's stock after purchasing an additional 5,113 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Travel + Leisure were worth $265,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 204 shares during the period. Versant Capital Management Inc increased its position 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 acquiring an additional 210 shares during the period. Gries Financial LLC increased its position in shares of Travel + Leisure by 5.5% during the fourth quarter. Gries Financial LLC now owns 5,074 shares of the company's stock worth $256,000 after acquiring an additional 265 shares during the period. GAMMA Investing LLC increased its position in shares of Travel + Leisure by 30.7% during the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock worth $81,000 after acquiring an additional 379 shares during the period. Finally, MBM Wealth Consultants LLC increased its position in shares of Travel + Leisure by 6.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 6,218 shares of the company's stock worth $310,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Activity

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.02% of the company's stock.

Travel + Leisure Stock Performance

TNL traded up $0.30 during trading on Friday, reaching $56.40. The company's stock had a trading volume of 479,043 shares, compared to its average volume of 462,585. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $57.62. The company's fifty day moving average price is $52.78 and its 200-day moving average price is $49.05. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Barclays increased their target price on Travel + Leisure from $41.00 to $48.00 and gave the company an "underweight" rating in a report on Friday, December 13th. Morgan Stanley started coverage on Travel + Leisure in a report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price on the stock. Stifel Nicolaus increased their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. One 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 has a consensus rating of "Moderate Buy" and a consensus target price of $60.50.

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.