Travel + Leisure Co. (NYSE:TNL) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,564 shares of the company’s stock after acquiring an additional 9,383 shares during the period. Quest Partners LLC’s holdings in Travel + Leisure were worth $1,454,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Copeland Capital Management LLC grew its holdings in Travel + Leisure by 0.9% during the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock worth $71,584,000 after acquiring an additional 13,870 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Travel + Leisure by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock worth $63,547,000 after buying an additional 57,587 shares in the last quarter. LSV Asset Management grew its position in Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after buying an additional 136,281 shares during the period. Swedbank AB purchased a new position in Travel + Leisure in the first quarter valued at $33,598,000. Finally, Millennium Management LLC raised its position in shares of Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after acquiring an additional 500,554 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 2,193 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents a 25.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,055 shares of company stock valued at $4,544,170. Company insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

TNL has been the subject of several recent analyst reports. Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Truist Financial cut their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Travel + Leisure Price Performance

Shares of TNL stock opened at $52.59 on Wednesday. The firm’s 50-day moving average is $47.45 and its two-hundred day moving average is $45.43. Travel + Leisure Co. has a 12 month low of $35.41 and a 12 month high of $54.79. The company has a market capitalization of $3.60 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share. Sell-side analysts forecast that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio is presently 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.