Raymond James Financial Services Advisors Inc. Raises Stock Position in Travel + Leisure Co. (NYSE:TNL)

Raymond James Financial Services Advisors Inc. lifted its holdings in Travel + Leisure Co. (NYSE:TNLGet Rating) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,585 shares of the company’s stock after buying an additional 460 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Travel + Leisure worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cetera Advisor Networks LLC grew its position in shares of Travel + Leisure by 3.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock worth $385,000 after buying an additional 235 shares during the period. LPL Financial LLC boosted its stake in Travel + Leisure by 0.7% in the 2nd quarter. LPL Financial LLC now owns 34,634 shares of the company’s stock worth $1,344,000 after purchasing an additional 236 shares in the last quarter. Capital Analysts LLC boosted its stake in Travel + Leisure by 22.9% in the 2nd quarter. Capital Analysts LLC now owns 1,338 shares of the company’s stock worth $52,000 after purchasing an additional 249 shares in the last quarter. Prudential Financial Inc. boosted its stake in Travel + Leisure by 3.8% in the 1st quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock worth $414,000 after purchasing an additional 259 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Travel + Leisure by 47.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 893 shares of the company’s stock worth $35,000 after purchasing an additional 286 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 0.1 %

Shares of Travel + Leisure stock opened at $40.94 on Wednesday. The firm has a market cap of $3.33 billion, a P/E ratio of 9.41 and a beta of 1.65. Travel + Leisure Co. has a 12 month low of $33.57 and a 12 month high of $63.19. The stock’s fifty day moving average price is $37.72 and its 200-day moving average price is $39.76.

Travel + Leisure (NYSE:TNLGet Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.01). Travel + Leisure had a net margin of 10.57% and a negative return on equity of 45.32%. The company had revenue of $937.00 million during the quarter, compared to analysts’ expectations of $943.06 million. Analysts forecast that Travel + Leisure Co. will post 4.44 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.60 annualized dividend and a yield of 3.91%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.78%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 882 shares of the business’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $38.58, for a total transaction of $34,027.56. Following the sale, the director now owns 40,320 shares in the company, valued at $1,555,545.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TNL shares. Credit Suisse Group cut shares of Travel + Leisure from an “outperform” rating to an “underperform” rating in a research note on Friday, October 28th. Truist Financial lowered their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, November 15th. Barclays lowered their price objective on shares of Travel + Leisure to $43.00 in a research note on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $69.00 to $62.00 in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.00.

About Travel + Leisure

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Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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