Travel + Leisure Co. (NYSE:TNL) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,983 shares of the company’s stock after acquiring an additional 468 shares during the quarter. LPL Financial LLC owned about 0.06% of Travel + Leisure worth $1,916,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TNL. Fox Run Management L.L.C. acquired a new stake in Travel + Leisure during the 4th quarter valued at $714,000. KLP Kapitalforvaltning AS purchased a new position in Travel + Leisure in the 4th quarter valued at about $752,000. Sei Investments Co. grew its stake in shares of Travel + Leisure by 8.2% during the fourth quarter. Sei Investments Co. now owns 200,492 shares of the company’s stock valued at $10,115,000 after acquiring an additional 15,126 shares in the last quarter. Summit Global Investments grew its stake in shares of Travel + Leisure by 98.0% during the fourth quarter. Summit Global Investments now owns 18,375 shares of the company’s stock valued at $927,000 after acquiring an additional 9,093 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Travel + Leisure by 25.2% during the fourth quarter. Teacher Retirement System of Texas now owns 33,102 shares of the company’s stock worth $1,670,000 after acquiring an additional 6,663 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TNL shares. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective on the stock. Barclays boosted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Tigress Financial increased their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $62.20.

Travel + Leisure Stock Performance

NYSE TNL opened at $41.80 on Wednesday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95. The company has a 50-day simple moving average of $49.66 and a 200-day simple moving average of $50.73. The firm has a market capitalization of $2.79 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. Equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 5.36%. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

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.