Fmr LLC Purchases 58,008 Shares of Travel + Leisure Co. (NYSE:TNL)

Fmr LLC lifted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 28.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,599 shares of the company’s stock after acquiring an additional 58,008 shares during the quarter. Fmr LLC owned approximately 0.38% of Travel + Leisure worth $12,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Copeland Capital Management LLC increased its holdings in Travel + Leisure by 0.9% in the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after purchasing an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Travel + Leisure by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after purchasing an additional 57,587 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after purchasing an additional 138,153 shares during the last quarter. LSV Asset Management increased its holdings in Travel + Leisure by 23.1% in the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after purchasing an additional 500,554 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TNL shares. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Tigress Financial raised their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus raised their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.80.

Travel + Leisure Stock Performance

NYSE:TNL opened at $53.99 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of 9.17, a PEG ratio of 0.80 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $36.77 and a 52-week high of $56.91. The stock has a 50-day simple moving average of $50.84 and a 200 day simple moving average of $46.52.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. On average, research analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.70%. Travel + Leisure’s dividend payout ratio is 33.96%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,209 shares of company stock worth $4,940,022 over the last ninety days. 4.02% of the stock is currently owned by corporate insiders.

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.