Travel + Leisure Co. (NYSE:TNL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Travel + Leisure Co. (NYSE:TNL) by 77.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,460 shares of the company’s stock after selling 8,356 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Travel + Leisure were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Travel + Leisure by 34.7% in the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after purchasing an additional 447,938 shares during the period. Vanguard Group Inc. raised its stake in shares of Travel + Leisure by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock worth $376,691,000 after buying an additional 322,624 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Travel + Leisure by 747.6% in the 3rd quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after buying an additional 140,826 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Travel + Leisure in the third quarter valued at approximately $2,661,000. Finally, Stifel Financial Corp grew its holdings in Travel + Leisure by 55.5% during the third quarter. Stifel Financial Corp now owns 164,295 shares of the company’s stock worth $6,035,000 after acquiring an additional 58,629 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travel + Leisure

In related news, insider James J. Savina sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the transaction, the insider now owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the transaction, the insider now owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,922 shares of company stock valued at $1,318,358 over the last quarter. Insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Truist Financial raised their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Barclays boosted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Mizuho started coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. JMP Securities assumed coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target for the company. Finally, Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $57.00 in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.83.

Travel + Leisure Trading Down 1.0 %

Shares of TNL opened at $45.36 on Tuesday. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.02. The stock has a market cap of $3.23 billion, a P/E ratio of 8.35, a PEG ratio of 1.22 and a beta of 1.63. The company has a 50-day moving average of $45.70 and a two-hundred day moving average of $40.73.

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

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio 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.