International Assets Investment Management LLC Raises Holdings in Travel + Leisure Co. (NYSE:TNL)

International Assets Investment Management LLC lifted its position in Travel + Leisure Co. (NYSE:TNL) by 4,532.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,374 shares of the company’s stock after buying an additional 5,258 shares during the period. International Assets Investment Management LLC’s holdings in Travel + Leisure were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC lifted its position in Travel + Leisure by 11.1% during the first quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock valued at $582,000 after purchasing an additional 1,184 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Travel + Leisure by 20.2% in the first quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock worth $1,986,000 after purchasing an additional 6,807 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Travel + Leisure by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock worth $3,098,000 after purchasing an additional 844 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Travel + Leisure in the first quarter worth about $211,000. Finally, LSV Asset Management increased its holdings in shares of Travel + Leisure by 6.4% in the first quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after purchasing an additional 35,591 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $52.36 on Thursday. Travel + Leisure Co. has a 1 year low of $34.12 and a 1 year high of $53.26. The business has a 50 day simple moving average of $45.44 and a two-hundred day simple moving average of $44.84. The firm has a market capitalization of $3.58 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TNL. Deutsche Bank Aktiengesellschaft reduced their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial reduced their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group lifted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,448 shares of company stock worth $4,294,241 over the last 90 days. Company insiders own 4.02% of the company’s stock.

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.