Charles Schwab Investment Management Inc. Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Charles Schwab Investment Management Inc. lifted its position in Travel + Leisure Co. (NYSE:TNL) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 915,152 shares of the company’s stock after purchasing an additional 122,173 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.34% of Travel + Leisure worth $46,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the 4th quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Travel + Leisure by 314.4% during the fourth 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 position in shares of Travel + Leisure by 36.9% in the fourth 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 last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.02% of the company’s stock.

Travel + Leisure Trading Up 3.0 %

NYSE TNL opened at $48.04 on Friday. The firm has a market cap of $3.20 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The stock has a 50-day moving average of $53.74 and a 200-day moving average of $50.55.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million for 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%. During the same period in the previous year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.56 dividend. 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. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. Travel + Leisure’s payout ratio is presently 38.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho reiterated a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Morgan Stanley assumed coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

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.