Travel + Leisure Co. (NYSE:TNL) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 57.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,008 shares of the company’s stock after acquiring an additional 5,494 shares during the period. Empowered Funds LLC’s holdings in Travel + Leisure were worth $692,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TNL. Price T Rowe Associates Inc. MD boosted its position in shares of Travel + Leisure by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 392,299 shares of the company’s stock valued at $19,208,000 after purchasing an additional 7,392 shares during the period. Swedbank AB acquired a new stake in shares of Travel + Leisure in the first quarter valued at approximately $33,598,000. Cetera Advisors LLC purchased a new position in shares of Travel + Leisure during the first quarter worth approximately $206,000. Abich Financial Wealth Management LLC increased its holdings in shares of Travel + Leisure by 10,344.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock valued at $46,000 after acquiring an additional 931 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TNL. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Truist Financial reduced their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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 company’s stock in a transaction 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 sale, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the transaction, the insider now directly owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,055 shares of company stock valued at $4,544,170. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Trading Up 1.5 %

NYSE TNL opened at $54.96 on Friday. The business’s 50 day moving average is $48.17 and its two-hundred day moving average is $45.61. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.78 and a beta of 1.61. Travel + Leisure Co. has a 12-month low of $35.41 and a 12-month high of $55.08.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.54 earnings per share. Equities analysts forecast that Travel + Leisure Co. will post 5.77 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 Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.64%. Travel + Leisure’s payout ratio is currently 33.96%.

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.