Travel + Leisure Co. (NYSE:TNL) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Travel + Leisure Co. (NYSE:TNL) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,722,330 shares of the company’s stock after buying an additional 466,640 shares during the quarter. Vanguard Group Inc. owned approximately 15.10% of Travel + Leisure worth $419,136,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Travel + Leisure by 147.5% in the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after buying an additional 416 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Travel + Leisure by 334.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. GAMMA Investing LLC bought a new stake in Travel + Leisure in the fourth quarter valued at $36,000. Arlington Trust Co LLC bought a new stake in Travel + Leisure in the fourth quarter valued at $53,000. Finally, Quent Capital LLC lifted its stake in Travel + Leisure by 23.6% in the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after buying an additional 278 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays raised their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Mizuho assumed coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Truist Financial raised their price target on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Travel + Leisure Stock Down 1.4 %

NYSE:TNL opened at $44.02 on Thursday. The business’s 50-day moving average price is $44.59 and its 200 day moving average price is $43.32. The firm has a market cap of $3.14 billion, a P/E ratio of 8.11, a PEG ratio of 2.50 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. Travel + Leisure’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. Sell-side analysts expect that Travel + Leisure Co. will post 5.53 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.54%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

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.