Vanguard Personalized Indexing Management LLC Makes New $398,000 Investment in Travel + Leisure Co. (NYSE:TNL)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,177 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds have also modified their holdings of TNL. Allworth Financial LP grew 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 purchasing an additional 416 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Travel + Leisure by 334.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares in the last quarter. GAMMA Investing LLC acquired a new position in Travel + Leisure in the fourth quarter worth approximately $36,000. Arlington Trust Co LLC bought a new position in Travel + Leisure during the fourth quarter valued at approximately $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 acquiring an additional 278 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Truist Financial raised their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Barclays upped their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, JMP Securities assumed coverage on Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price objective on the stock. Two equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $44.15 on Friday. Travel + Leisure Co. has a 52 week low of $32.10 and a 52 week high of $49.02. The firm has a market capitalization of $3.15 billion, a PE ratio of 8.13, a PEG ratio of 2.48 and a beta of 1.63. The business’s 50-day simple moving average is $45.73 and its 200-day simple moving average is $42.15.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same period in the previous year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 5.52 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Insiders Place Their Bets

In related news, insider Kimberly Marshall sold 4,953 shares of the stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the sale, the insider now owns 54,657 shares in the company, valued at $2,472,682.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the transaction, the insider now owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The disclosure for this sale can be found here. Insiders have sold 28,922 shares of company stock worth $1,318,358 in the last ninety days. Insiders own 4.02% of the company’s stock.

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.