Envestnet Asset Management Inc. raised its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,787 shares of the company’s stock after buying an additional 8,374 shares during the period. Envestnet Asset Management Inc. owned about 0.29% of Travel + Leisure worth $10,130,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. UMB Bank n.a. grew its holdings in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the period. Versant Capital Management Inc increased its position in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares in the last quarter. Hourglass Capital LLC raised its stake in shares of Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after buying an additional 230 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of Travel + Leisure by 2.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock valued at $451,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on TNL. Mizuho restated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Morgan Stanley began coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target on the stock. The Goldman Sachs Group cut their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays increased 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. Finally, Tigress Financial lifted their price target on 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 assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.20.
Read Our Latest Research Report on TNL
Travel + Leisure Stock Up 1.0 %
Shares of TNL opened at $41.42 on Friday. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The stock has a fifty day simple moving average of $48.81 and a two-hundred day simple moving average of $50.61. The company has a market capitalization of $2.76 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.
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, 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 firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period last year, the business earned $1.98 earnings per share. Travel + Leisure’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.41%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s dividend payout ratio is presently 38.36%.
Insider Buying and Selling at Travel + Leisure
In related news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction on 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 purchase, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.02% of the company’s stock.
About Travel + Leisure
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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