Schroder Investment Management Group trimmed its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 138,771 shares of the company’s stock after selling 9,229 shares during the period. Schroder Investment Management Group owned 0.20% of Travel + Leisure worth $6,944,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC lifted its holdings in shares of Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after purchasing an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after purchasing an additional 122,173 shares in the last quarter. Norges Bank acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $45,804,000. Bank of New York Mellon Corp grew its holdings in Travel + Leisure by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company’s stock worth $45,691,000 after purchasing an additional 45,447 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Travel + Leisure by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 814,319 shares of the company’s stock valued at $41,082,000 after buying an additional 79,922 shares during the period. 87.54% of the stock is currently owned by institutional investors.
Insider Activity
In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company’s stock, 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. 4.02% of the stock is currently owned by corporate insiders.
Travel + Leisure Stock Down 4.4 %
Shares of NYSE TNL opened at $40.96 on Friday. The stock’s 50-day simple moving average is $52.17 and its two-hundred day simple moving average is $50.96. The firm has a market capitalization of $2.73 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a twelve month low of $39.80 and a twelve month high of $58.95.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.98 earnings per share. As a group, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently announced 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 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.
Wall Street Analyst Weigh In
TNL has been the subject of several research reports. Barclays lifted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Tigress Financial upped their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Truist Financial raised their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.70.
Check Out Our Latest Stock Report on Travel + Leisure
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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