International Assets Investment Management LLC Grows Holdings in Travel + Leisure Co. (NYSE:TNL)

International Assets Investment Management LLC increased its position in Travel + Leisure Co. (NYSE:TNL) by 3,808.7% in the 4th quarter, HoldingsChannel reports. The fund owned 4,495 shares of the company’s stock after buying an additional 4,380 shares during the quarter. International Assets Investment Management LLC’s holdings in Travel + Leisure were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC purchased a new stake in Travel + Leisure during the 4th quarter valued at approximately $1,046,000. Quent Capital LLC grew its holdings in Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after buying an additional 278 shares in the last quarter. Raymond James & Associates grew its holdings in Travel + Leisure by 9.5% during the 4th quarter. Raymond James & Associates now owns 33,094 shares of the company’s stock valued at $1,294,000 after buying an additional 2,865 shares in the last quarter. Greenfield Savings Bank purchased a new stake in Travel + Leisure during the 4th quarter valued at approximately $217,000. Finally, Vanguard Group Inc. grew its holdings in Travel + Leisure by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock valued at $376,691,000 after buying an additional 322,624 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last three months. 4.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TNL. JMP Securities began coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective for the company. Truist Financial raised their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Mizuho began coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price for the company. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd. Finally, Barclays raised their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Travel + Leisure Stock Up 0.3 %

Shares of TNL opened at $45.81 on Monday. The company has a market cap of $3.26 billion, a PE ratio of 8.44, a P/E/G ratio of 1.24 and a beta of 1.63. The business has a fifty day moving average of $45.62 and a 200 day moving average of $40.65. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $916.00 million during the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. Travel + Leisure’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, research analysts anticipate that Travel + Leisure Co. will post 5.48 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 4.37%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.

Travel + Leisure 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.