Prevail Innovative Wealth Advisors LLC Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Prevail Innovative Wealth Advisors LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,264 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently made changes to their positions in TNL. Jones Financial Companies Lllp purchased a new position in Travel + Leisure in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. increased its holdings in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TNL. Morgan Stanley assumed coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. Truist Financial increased their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Mizuho restated a “neutral” rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Barclays boosted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group raised their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and a consensus target price of $63.70.

Travel + Leisure Price Performance

NYSE TNL opened at $46.40 on Monday. The company has a fifty day moving average of $52.99 and a two-hundred day moving average of $50.99. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The company has a market capitalization of $3.09 billion, a PE ratio of 7.95, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. On average, research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.83%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s payout ratio is presently 38.36%.

Insider Activity at Travel + Leisure

In related news, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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. The trade was a 0.49 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 of the company’s stock, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

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.