Centiva Capital LP purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,970 shares of the company’s stock, valued at approximately $352,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp acquired a new position in Travel + Leisure during the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares during the last quarter. Natixis acquired a new stake in shares of Travel + Leisure in the fourth quarter worth $37,000. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew 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 worth $39,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Stock Down 0.6%
Travel + Leisure stock opened at $47.72 on Monday. The stock has a 50-day simple moving average of $45.49 and a 200 day simple moving average of $50.53. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $58.95. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 0.67 and a beta of 1.41.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $933.08 million. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s payout ratio is currently 37.40%.
Insiders Place Their Bets
In other news, 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 transaction of $296,524.80. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were 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 in the company, 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. Company insiders own 3.75% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on TNL shares. Barclays lowered their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. 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. Truist Financial lifted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Tigress Financial lifted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.
Get Our Latest Stock Report on TNL
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.
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