860 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 860 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after buying an additional 466,640 shares in the last quarter. Norges Bank bought a new stake in shares of Travel + Leisure in the 4th quarter worth $34,967,000. LSV Asset Management raised its holdings in shares of Travel + Leisure by 23.1% in the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Swedbank AB bought a new position in shares of Travel + Leisure during the first quarter valued at about $33,598,000. Finally, Iridian Asset Management LLC CT boosted its holdings in Travel + Leisure by 1.6% during the second quarter. Iridian Asset Management LLC CT now owns 527,399 shares of the company’s stock worth $23,722,000 after purchasing an additional 8,169 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 0.7 %

TNL opened at $44.50 on Friday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.57 and a beta of 1.62. The firm has a 50-day moving average price of $43.95 and a 200-day moving average price of $44.70. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.91.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Travel + Leisure Co. will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 annualized dividend and a yield of 4.49%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Insider Activity

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated 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 sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Tigress Financial lifted their target price on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group began coverage on shares of Travel + Leisure in a research report on Wednesday. They set a “neutral” rating and a $44.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.22.

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.