Foster & Motley Inc. boosted its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 176.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,663 shares of the company’s stock after acquiring an additional 18,297 shares during the period. Foster & Motley Inc.’s holdings in Travel + Leisure were worth $1,446,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Versor Investments LP lifted its position in Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after acquiring an additional 12,585 shares during the last quarter. FMR LLC lifted its position in Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after acquiring an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure during the 4th quarter worth $1,288,000. Finally, International Assets Investment Management LLC lifted its position in Travel + Leisure by 4,532.8% during the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after acquiring an additional 5,258 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Insiders Place Their Bets
In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now directly owns 120,602 shares of the company’s stock, valued at approximately $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 19,016 shares of company stock valued at $1,042,863. 4.02% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
TNL has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $60.00 in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $59.55.
Read Our Latest Report on Travel + Leisure
Travel + Leisure Stock Up 1.4 %
NYSE TNL opened at $55.21 on Friday. The stock has a market cap of $3.78 billion, a P/E ratio of 9.37, a PEG ratio of 0.63 and a beta of 1.64. The company’s 50-day simple moving average is $52.74 and its 200 day simple moving average is $48.42. Travel + Leisure Co. has a twelve month low of $39.66 and a twelve month high of $56.91.
Travel + Leisure Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.62%. Travel + Leisure’s dividend payout ratio is 33.96%.
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.
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