8,891 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,891 shares of the company’s stock, valued at approximately $449,000.

Get Travel + Leisure alerts:

A number of other institutional investors and hedge funds also recently modified their holdings of TNL. FMR LLC raised its position in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after purchasing an additional 58,008 shares during the period. Captrust Financial Advisors acquired a new stake in Travel + Leisure during the 3rd quarter worth about $224,000. Janus Henderson Group PLC lifted its stake in Travel + Leisure by 18.8% during the third quarter. Janus Henderson Group PLC now owns 34,730 shares of the company’s stock valued at $1,600,000 after buying an additional 5,503 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Travel + Leisure by 4.5% in the third quarter. Quantinno Capital Management LP now owns 36,110 shares of the company’s stock worth $1,664,000 after buying an additional 1,571 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Travel + Leisure by 8.8% in the third quarter. Stifel Financial Corp now owns 109,589 shares of the company’s stock worth $5,050,000 after acquiring an additional 8,819 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost 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 in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TNL. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Truist Financial upped their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Barclays upped their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Check Out Our Latest Research Report on Travel + Leisure

Travel + Leisure Stock Performance

Shares of TNL opened at $38.72 on Wednesday. The firm has a market cap of $2.58 billion, a PE ratio of 6.63, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm’s 50 day moving average price is $51.24 and its 200 day moving average price is $50.92.

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

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.78%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.

Travel + Leisure Company Profile

(Free Report)

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.