Wells Fargo & Company MN Increases Stock Position in Travel + Leisure Co. (NYSE:TNL)

Wells Fargo & Company MN grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,228 shares of the company’s stock after purchasing an additional 10,437 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of Travel + Leisure worth $3,442,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TNL. Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the period. UMB Bank n.a. increased its stake in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Versant Capital Management Inc raised its holdings in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the last quarter. Hourglass Capital LLC boosted its position in Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after purchasing an additional 230 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Travel + Leisure by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock valued at $451,000 after purchasing an additional 236 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

NYSE TNL opened at $42.47 on Wednesday. The business’s 50-day simple moving average is $48.24 and its 200-day simple moving average is $50.57. The firm has a market capitalization of $2.82 billion, a P/E ratio of 7.27, a P/E/G ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the previous year, the firm earned $1.98 earnings per share. Travel + Leisure’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently disclosed 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 of this dividend 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 5.27%. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Truist Financial upped their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Tigress Financial upped their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average target price of $60.70.

Insider Buying and Selling at Travel + Leisure

In other news, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought 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 directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by corporate insiders.

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.