Hsbc Holdings PLC decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 59.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,297 shares of the company’s stock after selling 22,346 shares during the period. Hsbc Holdings PLC’s holdings in Travel + Leisure were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Travel + Leisure in the fourth quarter valued at $1,288,000. Atlas Capital Advisors Inc. boosted its holdings in shares of Travel + Leisure by 1,141.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company’s stock worth $594,000 after purchasing an additional 10,817 shares during the period. Amundi grew its position in Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company’s stock valued at $302,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Travel + Leisure by 4.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company’s stock valued at $10,130,000 after buying an additional 8,374 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.
Insider Activity at Travel + Leisure
In other Travel + Leisure news, Director George Herrera sold 6,336 shares of Travel + Leisure 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 owns 2,759 shares of the company’s stock, valued at $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 link. Also, insider Michael Dean Brown acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased 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 of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is owned by company insiders.
Analysts Set New Price Targets
TNL has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target 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. Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays cut their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. One research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.
Travel + Leisure Trading Up 5.2 %
TNL opened at $47.26 on Monday. The company has a market cap of $3.14 billion, a P/E ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The company’s 50 day moving average is $46.30 and its 200-day moving average is $50.51.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is 37.40%.
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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